FOREX: EURUSD Ready for rebound?

Two days ago, the EURUSD (Euro Dollar / US Dollar) currency pair tested the 50% Fibonacci Retracement Level. Currently after 2 days at 1.5729, the price still stays above this level and a bullish move today may suggest a rally upwards. It may probably test the 1.5950 resistance level.


Daily EUR/USD Chart as at 9 July 2008 using NextVIEW Advisor

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