Wednesday, August 5, 2009

EUR/USD OUTLOOK5/8/2009

The EUR/USD pair recorded a high of 1.4422 and a low of 1.4392 the fundamentals led to a mix of sentiments spread in the currencies market as we saw personal income in the U.S had declined , The euro dollar pair have a resistance at 1.4460 along with a support at 1.4360. the indicators on the daily scale are indicating that the pair is trading in an overbought area.
Support points : 1.4369 - 1.4334 -1.4291.
Resistance points: 1.4424 - 1.4443 - 1.4478.

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