Daily Technical Outlook
- Posted Friday, July 03, 2009 -
- FXstreet.com
EURUSD Intra-day support on the 1.4100 failed to hold on yesterday
and the pullback extended in the overnight trading to 1.2930,
before recovering to 1.4000 at the time of this writing. Minor
resistance is formed by the 1.4 handle and a breach above would
open the more notable barrier at 1.4050/65 - formed by the weekly
market open price. A close above the said level would keep both
short and medium term studies bullish. However, the euro is facing
difficulties on its attempts to establish
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