Forex News: Euro fails above $1.40
After a roughly two week stint flirting mostly above the $1.40 level, the Euro has fallen back to a current rate at $1.3834 (June 16). The Euro has steadily dropped from a peak over $1.43 on June 2nd. It has operated on a downward progression from the $1.40 level for the last three days.
The Euro broke below an important medium-term support level near $1.3891 yesterday. A look at a 3-month trend chart suggests that without a quick return above this level, the Euro could be headed toward ...
Last Updated ( Thursday, 18 June 2009 01:28 )