Discussion in 'Forex' started by nycfxproptrader, Apr 26, 2004.

  1. The hourly downtrend drawn off the April 19 high at 1.2077 comes in this morning at the 1.1885 level, and the market looks to be making a run for it early on. Small stops are seen above the trendline at just above 1.1900, dealers report. A number of rallies have stalled in the 1.1920/45 area in the last several days, and the EUR probably won"t garner many true-believers until those resistance levels are broken.