Forex | Forex | Currency Majors Technical Perspective (31/08/2009 13:22:16)

Currency Majors Technical Perspective

EUR/USD Current price: 1.4282 Capped under 1.4300, pair remains moving in a tight range since Asian opening. 20 SMA holds the bearish slope and price seems unable to break above it, while indicators look bearish thus weak at this point. Break under 1.4250 support level could accelerate the fall while recovery above 1.4310 could gave the pair some upside momentum, yet at this point, an upside movement seems less probable for the pair with U.S. futures and some risk aversion hitting market.


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