The short term appreciation of the USD after yesterday’s liquidity injection was negated today, and EURUSD cross has set a new all time high of 1.55019. It will be interesting to see whether we get a break of resistance, in which case we can easily see EURUSD trading above 1.6.

to be updated…

This entry was posted on Wednesday, March 12th, 2008 at 2:13 pm and is filed under FX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.