EURUSD Short Term Trend Changing?

Published September 24th, 2008 - 10:50 GMT
Al Bawaba
Al Bawaba

The EURUSD drop from 1.4746 presents a very short term bearish opportunity against that level.  Resistance should be strong in the 1.4690-1.47 zone.  A drop below 1.4629 would warrant a short term bearish bias, for a test of 1.4570.  Coming under 1.4542 would suggest that somthing 'more bearish' is in the works.