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Daily Euro Yen Level |
July 2, 2009
The Euro/ Yen spread is trading lower again this morning, retracingyesterday’s range, however I do not think that it is going to trade much lower overall today. Yesterday’s low was 134.98, and it may weaken if we get through there, however the daily line comes in at 134.72, and may contain the action for today.
136.73 positive above
136.20 resistance
135.87 resistance
134.98 weak below
134.72 daily line
133.57 support
131.37 recent low of the move
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