Euro Still Rebounding
09/26/2008 12:00 am EST
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.