Trade Idea: EUR/USD - Sell At 1.4840

Although the single currency recovered to 1.4846 yesterday, renewed selling interest emerged below previous resistance at 1.4860 and euro retreated again in tandem with sterling, however, break of 1.4681 support is needed to confirm the decline from 1.5064 top has resumed and extend weakness towards 1.4625 (61.8% projection of 1.5064…

Source:Trade Idea: EUR/USD - Sell At 1.4840

This entry was posted on Wednesday, November 4th, 2009 at 5:46 am and is filed under Forex. 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.

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