Forex | Forex | Forex: EUR/USD: Euro dips further on post nfp risk aversion, below 1.4200 (04/09/2009 13:13:00)

Forex: EUR/USD: Euro dips further on post nfp risk aversion, below 1.4200

FXstreet.com (Barcelona) - The Euro is weakening sharply on the back of u.S. non-farm payrolls data, and from levels around 1.4265 the pair has hit levels below 1.4200, testing Sept 2 low at 1.4295, which so far remains intact.

In case of breaking below 1.4195, next support level lies at 1.4175 intra-week low, and below here, 1.4155 (Aug 18 high). In case of a rebound, above 1.4235 previous day low, next resistances could be 1.4250 and 1.4285 day high.
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