04.11.2008 19:29

EUR/USD reached $1.3000


Bulls are eyeing break above $1.3000 -- 61.8% of $1.3300 to $1.2525 move as the fast 10-day momentum study continues to pick up steam and now threatening break into positive territory. Risk is seen to the 21-day moving average, which is now valued at $1.3145. The 21-DMA capped topside last rally on Oct 30 and another fade not ruled out. Still $1.3200 38.2% of $1.4866 decline and October 30 high remains the key resistance.






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