- November 26, 2008
- Posted by: Ramki Ramakrishnan
- Category: Euro
The EUR/USD rally that we are currently witnessing is capable of going back above 1.3200, but I would urge caution above 1.3215. The currency had reached 1.3294 last time, and it could still go there, but this is still a bear market, and until we get two closes above 1.3220, I would remain skeptical about its prospect.