Forexpros Daily Analysis Sep 1, 2009

Euro Dollar

Current movement is maintained within the larger range.  A rise above 1.4370 will target 1.4400.  A move above could reach 1.4540, but resistance is likely 1.4440-1.4450.

Support is above 1.4300 with a break below likely to test 1.4260.  Further support is 1.4220-1.4200.


Resistance is 93.20-93.30.  A break above indicates a move to 93.70.  A false breakout will likely result in further USD weakness.  Weakness is indicated by a drop below 92.80 and would be confirmed by a drop below 92.50.

Forex trading analysis by Forexpros – Written by Cory Mitchell

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