Wednesday, June 28, 2006

Euro USD


Here is an hourly chart of the Euro-US Dollar pair. I last commented on this market here.

In this morning's guesstimate I said that the 125.540-50 support zoned would probably hold and that a rally to 126.40 would ensue. However, as you can see the market has accelerated below support and so I conclude that it is now headed for the 124.30 target.

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