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Update on the Fiber (EURUSD) – May 17, 2010

|Includes: Altimmune, Inc. (ALT), CNY

The euro fell to its lowest level against the greenback in more than 48 months Friday (May 14, 2010). The Fiber (EUR/USD) slipped below the 1.2500 psychological support to close at 1.2355 from 1.25366. The previous 14-month low was at 1.24562 and since this level got surpassed as well, the pair could head down even lower. However, with stochastics in the oversold area, the pair could range for a while between 1.2300 and 1.2500 before it continues its descent. Eventually, it could aim for the 1.2000 marker especially if selling pressure builds up. More...



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