Trichet’s Comments Send EUR/USD Higher

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Trichet’s Comments Send EUR/USD Higher

By Greg Michalowski on May 7, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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NOTE: As the EURUSD advances off the lower than expected quantitative measures, the 200 day moving average is approaching. The current level comes in at 1.3488. In December 2008, the market tested the 200 day moving average and fell sharply from the level. The pair has traded below the level since breaking on August 8th, 2008 at the 1.5222 level.

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