Forexpros Daily Analysis Sep 9, 2009. Euro Dollar Break Major Resistance

The 1.4440-1.4450 was broken yesterday as rates pushed above 1.4500. A successful hold above and/or re-test of the 1.4440 level would confirm another swing higher. This is in alignment with the longer term trend.

Trend line resistance comes in at 1.4530, along with intra-day swing highs at 1.4535. A break above this area indicates movement to 1.4600 and beyond, 1.4650-1.4670.

A move below 1.4460 will likely find support at 1.4440 and 1.4400.

Forex Analysis by Cory Mitchell at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check Forexpros. com