[B]“INDICATOR OF THE DAY” - DAILY LOWS[/B]
[B]Eur/Usd:[/B] With daily studies overbought and the market potentially looking to roll over after positing fresh 2009 highs by 1.4340 on Wednesday, the key level to watch today undoubtedly comes in by 1.4100 which represents the recent range base of the past few days. While some of the other major currencies were able to put in outside days on Wednesday, the Euro was unable to do so after failing to break below the 1.4100 weekly low. Should this level be taken out, we would expect to see some more broad based USD appreciation.
[B]Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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