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9/17/2009 2:40:00 PM
Euro Futures Still Strong

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The euro, based on the futures, has moved above the 1.4700 mark this week. The OBV led prices to the upside as it overcame resistance on August 25, while the chart resistance was overcome ten days later. The OBV still looks strong, so a test of the 1.49-1.5000 area is still likely.

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Tom Aspray, professional trader and analyst, serves as video content editor for MoneyShow.com Video Network. He was originally trained as a biochemist but began using his computer expertise to analyze the financial markets in the early 1980s. Mr. Aspray has written widely on technical analysis and has given over 60 presentations around the world. Many of the technical indicators that Mr. Aspray wrote about in the 1980s, such as the MACD, have since gained worldwide acceptance.

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