13.10.2008 20:05

EUR/USD tech comments


Edging toward earlier rally highs at $1.3671, with offers noted around this level. A break and clear above here to open a move on toward $1.3690/00 ahead of $1.3730/40.
Traders note that the 200 hour (not day) m/a line comes through today at $1.3695, adding that rate has not been above this level since Sep29. This technical level expected to strengthen reported offers placed to $1.3700, with stops earlier reported to be building above the figure.






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