Wednesday, February 9, 2011

Insane

The Euro rebounded at 1.3670 and jumped back above 1.3700, reaching a fresh daily high at 1.3722, the highest price since February 3. EUR/USD remains on top of 1.3700, posting the second daily gain in a row. From Monday’s low it has risen more than 200 pips.

“A continuation of the current bullishness has its upside target around the 1.3860 high reached just a week ago”, said James Chen, chief technical analyst at FX solutions. According to him a breakout of the mention highs would confirm a continuation of the uptrend that has been in place since early January “and target immediate upside resistance in the key 1.4000 psychological level”.

The common currency is also higher on Wednesday against commodity currencies and is unchanged against the Swiss Franc.

source: http://www.fxstreet.com

18 comments:

  1. Most of the people I know are terrified by the thought of working with graphics and numbers hehe I, on the other side, think it's very interesting and I really want to start working with this some time in the future.

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  2. Would you say that the exchange rate is staying high, or can we expect a drop in the future?

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  3. Course it goes up when I want to take a trip

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  4. hells yea, finally the EU is recovering

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  5. this is why you should invest in gold... it virtually stays the same.

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  6. Crap, someone make the USD more valuable quick!!

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  7. Poor US dollar. Still a laughing stock...

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  8. I dont really know too much about currency trading, but maybe i'll start getting into it

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  9. Hey man, I would love some advice on where to start currency trading, what is your major? Mine is economics, let me know a good starting spot... like e trade? how much did you start out with? Thanks!
    I would appreciate everyones advice.
    following

    masterswindle.blogspot.com

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  10. Its like the USD to AUD. The AUD is worth more than the USD.

    1 Aussie dollar buys 1.01 US dollar.

    It used to be 1 AUD to 0.7. Insane.

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  11. Any chance you could do a noobs guide to currency trading?

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  12. Cool advice man, gives you something to think on. Followed

    http://lifethroughironsigths.blogspot.com/

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