Forex Trading: EUR/USD Up On The Day But Remains In Choppy Trade
By Greg Michalowski on June 30, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

The EURUSD remains in a choppy trade today. The pair seems to be using the 100 bar moving average as a point of deflection/reflection. If above, it uses the average as support. On the break below, it then uses the level as resistance.
Currently,the price is above the moving average which currently is at the 1.4117 level. A break below should lead to further pressure to the downside. 1.4080 would be the 1st downside target.
If you like this article please...
Leave A Comment :
Recent Market Opinions:
Silver ETFs: More Gains To Come?
Here’s A Sector To Short
Protect Yourself Against An Imminent Stock Market Correction
Oil Seems Like It’s Going Nowhere… But The Story Is Very Different Below The Surface
Insider Selling Can Be An Important Tool In Determining Potential Trouble For Both Individual Stocks And The Broader Market
Recent News:
BoJ Raises Economic View - 29 mins ago
South Korea’s Tourist Arrivals Hit Record High - 39 mins ago
Indian Market Slips After 2-day Rally - 43 mins ago
India’s Services Sector Attracts Highest FDI During April-August - 1 hr ago
Japan’s FinMin: Fiscal Spending In Japan Cannot Help Tackle Weak Demand - 1 hr ago
Opinions From Our Contributors


