Filed Under:
Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - According to Technical Markets Strategist William Moore at RBS, "Friday's 'top of the range' call proved to be incorrect as the quiet afternoon in European trading saw the EURUSD smash through the resistance level at 1.2900. Today the daily ranges are getting wider and the short-term momentum remains with the EUR for now."

"The important level today is the 1.3025 level, above there the 1.3070 level (the high of October 5) There's a lot of support around the 1.2956 and 1.2900 levels and the big resistance level is 1.3025 so expect the range to persist between those two extremes with a bias that the upper end of the day sees more price activity than the lower." Moore adds.
comments powered by Disqus