Forex: Eur/Usd hit 50% retracement level

Forex: Eur/Usd hit 50% retracement level

Published by InformedTrades
06-09-2008

Forex: Eur/Usd hit 50% retracement level

Forex: Eur/Usd hit 50% retracement level

Eur/Usd hit the 50% retracement and starting to build a base to move up higher. We have to watch out for 8:15pm when Brenanke speaks; he might continue talking about a strong dollar policy and drive the Eur/Usd lower.

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