Daily Forex Commentary for July 23, 2009

July 23rd, 2009 • Related • Filed Under




July 23, 2009

Can the Euro Breakout?

The U.S. Dollar is slipping a bit against the Euro overnight as the EUR USD continued to trade inside its almost 60 day range. Although it has been lingering at the top of the range, buyers have been reluctant to buy or sell heavily at this high level. The technical momentum hasn’t been there either to drive it through the high for the year at 1.4337. Buyers have backed away on each approach because no one seems to want to print the high tick without solid …
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