EURUSD: Turns Below The 1.3681/88 levels EURUSD-EUR broke below its 4 hourly rising channel, halting its recent upside gains to close the week below its late April’07/Dec’04 highs at 1.3681/68 on Friday.This is its first weekly negative close since the it embarked on its upside journey off the 1.3262 low in Jun’07.With EUR now below the mentioned area and daily studies now out of overbought and heading lower, potential for lower prices are likely. In such a case, the 1.3626/00 zone, the location of its daily 50 ema/psycho level/May’7 highs will be targeted initially and then a cluster of support at 1.3555/34 which ... (full story)