EUR/USD – New Week, New Lower Range

January 28th, 2010 admin

EUR/USD dipped below another important support line and is getting used to a new range. Will it settle in a lower range next week? Not so fast. Here’s an updated technical look at EUR/USD. The reasons for the fall start in Greece and end at Washington or Beijing – the EUR/USD bears are everywhere. But there’s a big bear-fence below… At first, the Euro made an initial dip below 1.40. EUR/USD fell to 1.3937 before rising back up to 1.4040. This …


Originally posted on ForexCrunch

 
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