Monday, August 10, 2009

EURUSD smaller downclose on 10 Aug 2009


Hi All,

as we have the FOMC statement and the FED Fund Rate on Thursday morning, do take note when trading on Wednesday.

Selling strength is expected to continue and push EURUSD lower for a smaller downclose.
Take note of the support levels at 1.4150 and 1.4100 as these would be tested when sellers come in for a bearish follow through.

In any case, enjoy your long weekend and trade safe.

Regards,
Siwei.