Monday, February 23, 2009

Forex outlook for 23th Feb09

EUR/USD

EURUSD found a strength and this positive move up had a lot of power and
support. EURUSD has reached 1.2950 and turned around the trend. Bears has not
lost completely, but for some time bulls are going to dominate the market.
Buying opportunities are around 1.2750 – 1.2800 with the first target 1.3085 and
the next one 1.3315.

EUR/USD
Support : 1.2516 Resi . : 1.3089


Outlook for 20th Feb09