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Euro Threatening “Lehman Brothers Low”

  • Market Anaylsis

    Posted on May 15th, 2010

    Written by anonymous

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    Tags

    Brothers, Euro, Lehman, Threatening

    The EUR USD touched its lowest level since October 2008 on Friday as investors continued to pull out of the currency on the fear that political and economic problems will lead to a collapse of the Euro Zone economy. The rapid decline is pushing toward the so-called “Lehman Brothers Low at 1.2329. This support was established at the height of the global credit crisis and marks a time when a global financial disaster was avoided.   Although some feel that the world’s financial system is



    View full post on FXstreet.com: Technical: Technical Analysis Reports

    This entry was posted on Saturday, May 15th, 2010 at 1:03 pm and is filed under Market Anaylsis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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