In the coming weeks, I would expect the EURUSD pair will make another new lows if it break the 1.4600 level. From here it may hit this year lows of near the 1.4400's level (January 2008). This I think can be achieved based on my technical analysis of the EURUSD Daily chart and the 4-hour chart that conforms the current trend still going low. The RSI and MACD on both chart are well below the 50 level and below the 0 level respectively. However, all this will depends on the news releases from both the Eurozone and the US of A, that will fueled the movements.
I will back for more as soon as trading start Monday 18 Aug 2008. Happy trading guys ;)
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