Feb 11, 2009- 5:40 Pm Est.
Casey Stubbs– Winners Edge Trading
Tomorrow is a big day for news on the dollar as there will be 3 reports coming out. Those news reports will be an indicator of which way the U.S economy is heading into deeper recession. The pair has been moving in a price range for more than a week. The support level is 1.2700 and the resistance level is at 1.3093. We will see how the euro will react when the news comes out and if the news will be strong enough to push the pair out of the current consolidation period.