EUR/USD Jumps Above The 1.4771 Level

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EUR/USD Jumps Above The 1.4771 Level

By Greg Michalowski on October 29, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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This level was the midpoint of the move up from the October low to the October high. The level held support on the way down and broke below yesterday. The move above will be watched now. If the price can hold on a correction, the upside would next target 1.4827 and 1.4840 area. Look for good sellers against this level.

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