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EURUSD: Pressure Builds On The 1.4442 Level
EURUSD: Continued bullish offensive saw EUR strengthening for two days in a row during Tuesday trading session following its bullish reversal off the 1.4112 level on Monday. This development has increased the risk of a push further higher towards the 1.4442 level, its Jun 06 22’2011 low with a turn above there targeting the 1.4497 level, its Jun 14’2011 high. This level may prove difficult to break on an initial test but if is eventually taken out, further bull pressure will develop towards the 1.4696 level, its Jun 07’2011 high. Further out, resistance resides at the 1.4938 level, its 2011 high.Its daily RSI ... (full story)
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- Jun 28, 2011 11:05pm Jun 28, 2011 11:05pm
- bdsilvano
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- syedali
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- kjang
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