Euro Plunges - Dollar Strong

09/05/2008 12:00 am EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

The Euro plunged further Thursday with the dollar closing strong. Since break of support on 8/11 (see earlier chart) the Euro has dropped from 1.5300 to under 1.4300. The weekly uptrend has been broken with support now at 1.4000 and then at 1.3700. Resistance strong at 1.45-1.4750.

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