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EUR/USD: Poised to test 1.28 support level again
As the Euro retraced from its highs near 1.32, the 1.30 level was able to provide some support a few weeks ago however the Euro then broke through. For the last couple of weeks the Euro has attempted to cling onto the 1.30 level and in the process found some reasonable support at both 1.28 and 1.29. Since the beginning of last week, the Euro has rallied well and been able to push back up towards 1.30 and finish last week trading above it. The 1.30 level did loom like a dark cloud as a potential significant resistance level however the Euro did comfortably move through there and subsequently find support there for a ... (full story)
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