EURO (EUR), Daily Review, Feb 8 2010

on February 08 2010 5:20 AM

The Euro tumbled versus the Dollar and the Yen as investors kept selling the Euro on concern budget deficits in Greece, Spain and Portugal will slow the region's economic growth. Overall, EUR/USD traded with a low of 1.3585 and a high of 1.3746. EUR/USD is getting oversold according to the RSI indicator, a correction back up is possible but the main trend is downwards. No major economic data expected today.

EUR/USD - Last: 1.3660

Resistance

1.3700

1.3740

1.3770

Support

1.3595

1.3530

1.3500

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