|
EUR/USD: The Dollar fell across the board yesterday |
|
|
|
FXstreet.com (Barcelona) – The Dollar fell against most majors yesterday, the Euro being one of them, Cornelius Luca, economist at Global Forex Trading expects some attempt to pad gains today: “Euro/dollar rallied on Wednesday, as expected, and my model remains long. It should attempt to pad its gains today. Initial resistance is at 1.4400. Above 1.4482, resistance is still seen at 1.4545. Above 1.4625, resistance is at 1.4810.”
Support levels, according to Luca, stand as follows: “Immediate support comes at 1.4270. The next strong level remains at 1.4145. Below 1.4088, the low on Monday, support is still seen at 1.4004. A pivot low is at 1.3883.”
Posted originally: 9/18/2008 7:17:00 AM
|
Currencies News 
