Key Levels
August 6, 2008
By FX Insights
Key Levels
Key upside levels:
1.5498
1.5518
1.5533
1.5548
1.5562
Key downside levels:
1.5448
1.5429
1.5401
1.5378
1.5354
Be advised we have two big event today: German Factory Orders, which should suck. I’m expecting a print below expectations in addition to a 45% probability of it printing negative. Then later we get crude inventories. With crude being in the limelight this week I can be sure that report will cause the market to jump and the euro to follow which ever direction that jump is in.
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