Daily Technical Analysis and Recommendations from Forexial FX - 09-01-2006

EUR/USD

Technical Analysis: The Euro reached the resistance point at 1.2170 in the last day of trading last week where it finished the first week of the year rising more than 350 points. The Euro passed important points in its way up taking advantage of the gains from previous sessions and holding on the advances against the Dollar bulls. Many investors cautiously stayed away from the Dollar which affected the main stream direction and tempted other investors to close their positions at any price thinking that the Euro will not go back to the level of..... For complete report visit Forexial FX