Thursday, February 10, 2011

USD getting stronger

The Greenback has been able to keep up the outstanding upward pace against the European currency, and after the latter found some support to rebound from 1.3577 lows towards 1.3637 - American session high - the cross is again under pressure at daily lows just under 1.3600 battle-line.

Technically, “EUR/USD continues to consolidate the early session move lower and once that phase has run its course, the setup calls for a fresh break lower to 1.3570/40. The H&S top pattern will still need some more time to fully develop. 1st main resistance is at 1.3655” said the 4CAST analyst team.

source: http://www.fxstreet.com

13 comments:

  1. Wow I never would have guessed. That's incredible..

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  2. That's great news that the USD is getting stronger. I heard news that it might trump the Euro eventually, but that was from a friend. What do you think?

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  3. sucks, our exports are too expensive already

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  4. Thank goodness! I have been worried about this.

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  5. i think people should think about investing in gold considering paper money can be devalued and gold will always have a price. markets showing that right now

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  6. The USD is always so shaky, always changing.

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  7. Nein! as an Australian the USD getting stronger angers me

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  8. I heard that the new wise investment was to hoard nickels. Know anything about that?

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  9. Good news for me, USD should be stronger than EURO.

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  10. Oh I hope so, USD value can be quite depressing at times.

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  11. It better go up. Been under the Euro for a while now...

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