EUR/USD

After the worse than expected Ifo numbers and bearish statements from Ifo officials EUR/USD broke below 1.4630 and now is targeting 1.4530. From the latter level we can see stronger correction towards 1.4915. Of course any attempts for EUR rally will fail if the Eurozone data continue to dissapoint.

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This entry was posted on August 26th, 2008 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.