Forex Analysis

EUR/USD gave up all of the Friday’s gains yesterday after the worse than expected Ifo index. Key support is 1.5455/60 and if it is broken we can see another test of the current range, which is around 1.5300/285 levels, Today and tomorrow probably the forex market particioants will anticipate the FOMC decision, which is expected around 6:15 PM GMT. Rallies should be capped around 1.5590 and 1.5650 resistance levels.

This entry was posted on Tuesday, June 24th, 2008 at 7:10 am 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.