EURUSD--Thursday, September 11, 2008
Updating this post from Monday night / Tuesday morning, the support of last Friday at the 48.6% level truly became resistance. One time only was the market able to push a few pips beyond this level, but without conviction.
An 8 hour chart:
An attempt was made on Tuesday afternoon in US trading session, Though it spike up to 1.4225, the highest hourly close was 1.4194.
A 4 hour chart:
Next stop 1.3825.