Forex Analysis

After the strong US retail sales and PPI data the support @ 1.4640 was broken. Now the focus of the whole forex market turns to the key 1.4520 level. If this support is broken we can see a deeper correction towards 1.4350 and 1.4280.

This entry was posted on Thursday, December 13th, 2007 at 5:50 pm and is filed under Forex Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.