As a clearance of its two key supports at its YTD/July’09 lows at 1.3851/31 and the 1.3747/33 levels, its Jun 16’09 low/.50 retracement (1.2328-1.5143 rally) have been achieved, further downside weakness now targets its psycho level at 1.3600. A follow-through lower on its Thursday weakness continues to be seen pushing…

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EURUSD: Rolling Over With Eyes On The 1.3600 Level

With a clearance of its YTD/July’09 lows at 1.3851/31 seen during the US session today, risk continues to build to the downside towards its strong support standing at the 1.3747/33 levels, its Jun 16’09 low/.50 retracement (1.2328-1.5143 rally).

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EURUSD: Slipping Towards The 1.3747/33 Level

The pair could be shaping up for a recovery higher which is coming on the back of its sell off from the 1.5139/43 levels, its YTD high/Dec 03′09.With a turn off the 1.4233 level seen on Wednesday, a follow-through higher to the upside could put the pair on the path…

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EURUSD: Shapes Up For Higher Recovery