Euro 3-15-2010

March 15th, 2010 by admin Leave a reply »

Today: The Euro futures closed out Friday’s session in buystalk,
however the same theme that has plagued this currency continues
today, where it is once again beginning to fade back lower again,
even though we are buystalking. The daily support line is at 136.60
today, and if we see that level I would expect that to be good support.
The high Friday was 137.96, but we have retreated and traded as low
as 137.00 today. On the downside watch 136.40, if that can hold,
there is a chance they can start to move higher again, if below there,
once again we are probably looking at a test of 135.84 longer term
support line again.

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