Currency Majors Technical Perspective
Wed, Sep 9 2009, 13:49 GMT
by Valeria Bednarik
FXstreet.com Independent Analyst Team
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Dollar bearish momentum remains intact and the pair continues printing fresh yearly highs, this time at 1.4585. Indicators are again overbought in the hourly, yet market sentiment will likely to keep sending the pair higher. Above 20 SMA both in1 and 4 hours charts, pair seems ready to attack the 1.4600 level.
Support levels: 1.4535 1.4500 1.4460
Resistance levels: 1.4585 1.4610 1.4660
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