Euro OBV Favors Upside

08/25/2009 12:16 pm EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

chart
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The euro futures are still locked in an upward trading channel, but the OBV broke out to the upside last Friday. It is not uncommon for the OBV to lead prices, and a close above 1.4450 would signal a move to the 1.49-1.5000 area. A close under 1.4000 would be negative.

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