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Forex Technical Update

Submitted by on Thursday, 11 February 2010No Comment

Euro is currently trading at 1.3668 levels and touched bottom 1.3585 yesterday. Immediate resistance comes near 1.3750 levels (200 days weekly EMA). Initiate shorts near 1.3750 -1.3800 levels with tight stoploss of 1.3850 target 1.3580 levels and below. Range for the day could be 1.3580 to 1.3750. (EURUSD – 1.3668)…

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