EURUSD: Slipping Towards The 1.3747/33 Level

EURUSD: Slipping Towards The 1.3747/33 Level
         

With a clearance of its YTD/JulyÂ’09 lows at 1.3851/31 seen during the US session today, risk continues to build to the downside towards its strong support standing at the 1.3747/33 levels, its Jun 16Â’09 low/.50 retracement (1.2328-1.5143 rally). A firm invalidation of these levels will call for further downside pressure...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/eurusd%3a-slipping-towards-the-1.3747%1033-level-20100204106066/