EURO USD Forex Trading Tips and Analysis for Day Traders

Friday, August 14, 2009 , Posted by Prasanth at 6:15 AM

The pair is in a short term widening range, with bias currently to the upside. A push above 1.4250 would confirm, with a target of 1.4310. 1.4340 and 1.4380 are resistance levels beyond.

A drop below 1.4200 will like test 1.4180. A drop below 1.4170 will need to move through further support in the 1.4160-1.4140 region and if it succeeds will target 1.4120 then
1.4080 (if needed).