Forex Trading: EUR/USD Rebounds Off The Lows

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Forex Trading: EUR/USD Rebounds Off The Lows

By Greg Michalowski on January 21, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

After a long trip down over the last few sessions, it seems the open of Asia has brought a bid against the USD and Yen. EUR/USD rebounded over a 150 pips off the NY lows and looks ready to climb higher into European session. The 100 4-hr moving average in the channel below could provide some resistance if the pair continues to climb.

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