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EUR/USD

The dollar fall continued Friday. New all-time high in oil above $142 pb and another sell off in the stock market weighed on the greenback. EUR/USD is still in the well defined range but as we approach the upper boundary the verbal interventions by central bankers and politicians will be intensified. If the pair climbs above 1.60 a coordinated action by the central banks is highly possible. Support is @ 1.5680 and 1.5620. Resistance is @ 1.5845 and 1.6020.

This entry was posted on Sunday, June 29th, 2008 at 11:49 am 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.

4 Responses to “EUR/USD”

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    June 29th, 2008 at 6:07 pm

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