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EUR/USD

EUR/USD is pausing for a breath after the fall from 1.60 and before the FOMC meeting. The market is expecting 25 bp rate cut and probably FED will deliver it. If teh statement of the meeting sounds hawkish or even less dovish another leg down for EUR/USD is expected. First major support is 1.5510, then 1.5340. If the latter is broken a deeper correction towards 1.5000 is expected.

 eurusd33.gif

This entry was posted on Tuesday, April 29th, 2008 at 4:53 pm and is filed under Technical Analysis. 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.

One Response to “EUR/USD”

  1. Alice Says:
    July 5th, 2008 at 2:09 pm

    Alice…

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