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Technicals

EUR/USD: Euro dropped further down

17 Dec, 2007 @ 10:52 am EST
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FXstreet.com (Barcelona) - The Euro continued dropping positions against the Dollar today. The FX Dream Technical Team affirms that the bias is bearish: "EUR/USD has dropped further down to 1.4333 lows earlier today .The bias remains bearish as long as price is below 1.4450 for test below .4300 over the next trading sessions." On the upper way, the FX Deram Technical Team affirms: "On the other side, a break above 1.4450 is needed for reversal back towards 1.4520 and 1.4580 . First minor Resistance comes at 1.4400."

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