9/24/09

EUR USD Back to Monthly R2 & GBP USD falls 288 pips in the last 8 hours



[Click th Graph to Zoom (+) In]



EUR USD after touching yearly high yesterday at 1.4825 has come back and touched Monthly Resistance-2 at 1.4676. Chances of setting in of the bearish trend is pretty high in the next few days. It has not yet crossed the daily trend line. At the same time GBP USD has had a quick fall from the weekly Pivot at 1.6371 to weekly Suppor-1 at 1.6083 a total of 288 pips in the last 8 hours.






[Click th Graph to Zoom (+) In]



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