18.09.2008 18:47

EUR/USD under pressure


Eases closer to $1.4400 and $1.4380 area drawing some attention. Modest tech level said to hold bids ahead of stops. Techs suggest break of $1.4420 to yield a move to $1.4360. Above $1.4525 to open a retest on earlier highs at $1.4541, with offers noted between $1.4540/50. Stronger interest then noted around $1.4575. One tech trader has mentioned that rate has potential to trade up to the area between $1.4670/1.4705.






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