Forex | Forex | EUR: Attempt small longs at 1.4255; stop below 1.4085 (04/09/2009 06:26:01)

EUR: Attempt small longs at 1.4255; stop below 1.4085

EUR Comment: Very dreary though still consolidating at the upper edge of the range that has held since late May. The Euro is no longer overbought and momentum is just bullish. We feel that the long term trend to US dollar weakness will resume, if not this month then in October. Strategy: Attempt small longs at 1.4255; stop below 1.4085. Short term target 1.4350, then 1.4445. EUR/JPY Comment: Holding, slightly precariously, below a thin Ichimoku ‘cloud’ and Yen crosses are looking increasingly


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