March 3, 2009 5:00 pm Est
Casey Stubbs– Winners Edge Trading
The Eur/Usd is bearish again today with a 75 pip loss from open to close on the NY session. The current reading is currently neutral because the pair did not cross below the support of 1.2500. Watch the 1.2500 level and if the pair crosses below that expect more losses.
The 1.2650 level is a key resistance point to watch and if the pair crosses that point we could see some more bullish movement.
10 min chart Eur/Usd
Winner’s Edge Trading, as seen on: