30.09.2008 19:16

EUR/USD tech


Euro has broken $1.4115 Fibonacci level -- the 76.4% retracement of $1.3882-$1.4866, with not much support seen until $1.4000 Sept 11 high. The decline in euro-dollar today is the biggest since January 2001, according to charts.
Lower $1.3881/90 Low 11 Sept and long-term supp line from Feb 2002 may be tested. Fall to 50% retrace of $1.1644 advance, July 2007 high at $1.3840/50 also cannot be ruled out.






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