Tue, 17th of June, 2008

By Setyo Wibowo (analyst@fxinstructor.com)

EURUSD Outlook

After hit low at 1.5302 on Friday, the rejection of EURUSD further downside momentum was continued yesterday. On the daily chart, we see twice before, when failed to breach 1.5280-1.5300 area, the EURUSD fight back and reach 1.5800-1.5900 area. This historical aspect is also supported by oversold [...]