Market Searching For Direction In Choppy NY Morning

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Market Searching For Direction In Choppy NY Morning

By Greg Michalowski on October 22, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The EURUSD has been chopping around this morning. As per the prior post (CLICK HERE) the 1.5016 level (close from yesterday) is providing upside resistance. The downside found support against the 100 bar MA on the 5 mnute chart and this should provide some support. The stock market is off to a quiet opening +13. Gold is down $9 which should be bullish for the dollar. Crude Oil is also down a bit. A move below the 100 bar MA at the 1.4978.

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