Dollar corrects lower. EURUSD bounces off 38.2% Fibo Retracement
June 30th, 2009
It is month end and as a result, there exists the potential for corrections in all markets from the stock market, to commodities, to bonds, to currencies. This mornings move sent a number of currency pairs to tests of key support/resistance levels. The convergence of technical levels led to a correction for the dollar as the NY midday moves into the afternoon. The EURUSD has moved up from the 38.2% retracement support level at the 1.3998 level (move up from June 16th low). The correc
Posted in forex reviews, forex trading | 
Tags: Bonds, Commodities, Convergence, Currencies, Currency Pairs, Dollar, Eurusd, Fibo, forex trading, Midday, Resistance Levels, Stock Market, Support Resistance
