USD Beating Continues
by Thomas House
The USD has taken a beating against the Euro in the last week with news of Wall Street meltdowns. We have recently broken above the 38.2% Fibonacci lines with the next resistance level not until 1.4949. That’s almost 200 pips of additional upward potential for traders.
About the Author - Thomas House
Thomas House has been creating and marketing websites for over a decade. He has successfully bought and sold a variety of websites in different industries, and learned about many of them along the way. Mr. House is learning about forex and trading as he creates a resource for others to do the same. Feel free to contact him about advertising opportunities on this site if you are so inclined.
September 23rd, 2008 at 12:55 am
[...] USD Beating Continues The USD has taken a beating against the Euro in the last week with news of Wall Street meltdowns. We have recently broken above the 38.2% Fibonacci lines with the next resistance level not until 1.4949. That’s almost 200 pips of … Read the rest of this great post here [...]