Tuesday, June 24, 2008

Euro changed before FED meet.-jun 25.

Greenback changed little against Euro Before Fed ends the two day meet at which policy makers forecast to end run of seven interest rate cuts.

Tech View:
Euro is expected to trade in the range of 1.5490-1.5650.With good support seen at 1.5460 and key resistance for the currency is seen at 1.5680 break of which will see Euro at 1.5730 levels. Both stochastic and RSI is giving indication towards the bull run and is also seen trading well above the fast moving averages. But momentum remains silent on the issue.

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