Euro Still Rebounding

09/26/2008 12:00 am EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

chart

The Euro closed the week higher (the dollar lower) and the daily chart suggest a further rally before the intermediate term downtrend resumes. The next key resistance is in the 1.49-1.50 area with major in the 1.52-1.53 area. Good support at 1.44-1.45 should hold on any pullback.

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