Monday, March 14, 2011

EUR/USD 1.4002

Euro has managed to extend gains against greenback, as fears over sovereign euro zone debt eased on recent euro zone competitive pact, with investors again subduing sovereign debt woes; US yields sinking and pressuring dollar helped the cross to hit an intraday high around 1.4002 with the pair currently consolidating barely below that level.

Technically speaking immediate resistance area comes at 1.4036 past week and yearly high, followed later by 1.4085, November 8th daily max; supports for the upcoming hours are located at 1.3980 past Asian session high, and 1.3950 static Fibonacci area.

12 comments:

  1. i hope the usd bounces back up

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  2. I heard the term Fibonacci alot. I know its some kind of technical analysis tool, but can you explain what it actually is and how it helps us?

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  3. I guess the Euro will never really ever be down for the count will it? It seems like just when you think it's going to become a failed currency, it springs to life once more...

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  4. time to go order some stuff at American sites!

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  5. getting happier if euro gettin higher! =D

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