Kamis, 17 September 2009

9/18 Forex Rate - Currency News

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Forexpro's Analysis 17.09.09
September 17, 2009 at 9:55 am

The euro broke above the rising trend channel for the first time, reaching a new high for this year at 1.4746, and leaving any expectation for a correction to start in these areas, in very bad shape. A break to the upside in a rising channel is usually a signal that shows how powerful the uptrend is, which makes it only logical to expect more gains for the European single currency. But it is required to stay above 1.4702 to be able to achieve these gains. If the Euro holds above the broken ...
 

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