Euro Futures Still Strong

09/17/2009 2:40 pm EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

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The euro, based on the futures, has moved above the 1.4700 mark this week. The OBV led prices to the upside as it overcame resistance on August 25, while the chart resistance was overcome ten days later. The OBV still looks strong, so a test of the 1.49-1.5000 area is still likely.

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