Forex Analysis

Yesterday the FED wasn’t as hawkish as the market wanted and the US dollar was sold off across the board. Technical studies are supporting further rally of the EUR/USD towards the upper boundary of the range. Next resistance levels are 1.5765 and 1.5840. Any pullback should find buyers around 1.5620 and 1.55.45/35.

This entry was posted on Thursday, June 26th, 2008 at 7:17 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.