Forex | Forex | Currency Majors Technical Perspective (04/09/2009 13:34:37)

Currency Majors Technical Perspective

EUR/USD Current price: 1.4208 After U.S. Nonfarm Payrolls, pair is struggling with 1.4180/90 strong support zone.  Hourly charts have turned bearish as well as bigger time frames but the pair needs to break under mentioned level to extend the downside rally. Under 20 SMA in both time frames, pair is waiting for Wall Street opening to define a certain trend for the rest of the day. Upside bounces should remain capped by the 1.4230/50 area to keep bearish bias intact. Support levels: 1.4180


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