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EUR/USD: The Euro is back on the upside |
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FXstreet.com (Barcelona) – The Euro depreciated yesterday to levels around 1.4600 before bouncing back up today, according to the E-Forex Team, resistance levels stand as follows: “Intraday resistance is seen at 1.4740/50 followed by 1.4800 and 1.4860. Current gains may extend towards the 1.4860 region during the upcoming sessions as the upside remains favored for now.”
On the downside, the E-Forex Team advances: “On the downside, support starts at 1.4690 backed by 1.4600/20 and 1.4540/50. The hourly studies are bullish at the time of this writing.”
Posted originally: 9/25/2008 7:31:00 AM
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Currencies News 
