24/01/2008
EURUSD
EurUsd is trading at the exact same level it was when we wrote our previous daily commentary, the pair went reduced in yesterday afternoon trading hours but then retraced up above 1.4600 after finding support at the 1.4500 level. The markets are still undecided following the events we've witnessed this week and seemingly many are still expecting the FED to lower interest rates , and until this situation has some clarifiion trading will be difficult, the battle between bulls and bears will continue to keep the pair trading close to the current levels.
Resistance Levels1.5000-- around number 1.4966- Nov 23rd large 1.4735 -Nov 9th High Support Levels1.4500- around number 1.4300 - Sept 30th High 1.4000 - Round amount 1.3850 - July 24th High