Euro Breaks Support

01/06/2009 9:22 am EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

chart

The rally in the euro versus the dollar hit the major resistance in the 1.47 area in mid-December before it stalled. The euro broke support at 1.38 Monday and continued lower early Tuesday as the US dollar has started off the year on a strong note. Next euro support levels are at 1.3250 and 1.30.

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