Eur/Usd: Desecnding Fast, When Will the Bleeding Stop?
Posted by Casey Stubbs on Friday, January 29, 2010 Under: Trade opportunities
Every day this week the Eur/Usd was hitting new lows and it appears we are in a straight free fall. To answer the question when will the bleeding stop we have a couple of support areas at the 1.3823 area which was close to the close now. Other areas where we has support where we could see stalling is the 1.3400 1.3500 areas.
I have identified potential support and reverse areas on the daily chart below.
Daily Chart *Note Click on the chart to learn about our trading system.
One key point for traders to remember is to keep a watch...