EUR/USD - 1.4978 Daily Market Outlook - Nov 23

23 November 2009 @ 03:24 am EDT

Despite the selloff to 1.4800 on Friday, euro's subsequent strong rebound from there suggests near term upside bias is seen and a firm breach of previous resistance would signal the pullback from 1.5049 has ended there, however, above this level is needed to confirm medium-term uptrend has finally resumed for re-test of this year's top at 1.5064 and then 1.5100.  

  

On the downside, below 1.4900 would yield weakness towards 1.4850/60 but 1.4800 support is likely to hold on first testing.

For more forex information, go to www.acetraderfx.com

E-Newsletters

We value your privacy. Your email address will not be shared.

Home
World
US
Economy
Companies
Tech
Science
Global Markets
Education
Real Estate
Forex
Commodities
Gold & Silver Matters
More Sections
Fashion
Auto
Travel
Health
Law
Entertainment
Sports
Luxury
Art
Books
Tech & Trend
Tools & Features
Topics
Blogs
Market Data
Stock Watch List
Investment Calculator
Financial Glossary
Broker Center
World Business Headlines
Updates
RSS Feeds
IBTimes on Twitter
IBTimes on Facebook
E-Newsletters
Services
Forex Newsfeed
Research
Press Release
About IBTimes
News Licensing
Media Kit
Advertise with Us
About IBTimes
Contact Us
Terms of Service
Privacy Policy