EUR/USD Test of Support

The EUR/USD is about to test the 1.4200 support. The daily chart’s price action shows very aggressive bearish candles after reaching 1.4600. In fact, with the stochastic showing heavy momentum, and not even over sold conditions, the market is hinting this may continue to the 1.40 area in the…

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This entry was posted on Tuesday, January 19th, 2010 at 10:07 pm and is filed under Forex, Forex Trading, Forex news, Money. You can follow any responses to this entry through the RSS 2.0 feed.