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Technicals

EUR/USD: The Euro rebounds with strength

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10 December 2007 @ 10:59 am EST
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FXstreet.com (Barcelona) - The Euro has bounced back against the Dollar to reach 1.4272, according to the AcionForex.com technical team the Euro could climb higher: "Break of the inner falling channel is favoring the case that correction from 1.4966 has already completed at 1.4524, after being supported above 1.4490/4519 support zone (50% retracement of 1.4014 to 1.4966 at 1.4490)." On the downside, the ActionForex.com technical team forecasts: "On the downside below 1.4638 turn intraday outlook neutral again and put 1.4490/4519 support zone back into focus again."

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