EURUSD- Following a brief break and hold above the 1.5896/1.5913 area, its Mar 31’08/April 10’08 highs on Tuesday and its subsequent failure at that area, EUR sold off hard for a thirdday in a row on Friday closing at 1.5626.This move now leaves the pair below its triangle pattern(daily chart) and with price action still pointing lower, risk remains for a push towards the 1.5510 level, marking its Mar 24’08 and then its .382 Fib Ret/April 03’08 at 1.5390/42.The daily and weekly RSI are

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This entry was posted on Monday, April 28th, 2008 at 3:04 am and is filed under Forex Economic Indicators. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.