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.
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10 comments:

  1. edMarch 14, 2011 at 7:05 PM

    i hope the usd bounces back up

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  2. ChrisMarch 14, 2011 at 7:26 PM

    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. Aaron M. GipsonMarch 14, 2011 at 7:38 PM

    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. SpikeMarch 15, 2011 at 6:54 AM

    thanks again

    ReplyDelete
  5. TyroneMarch 15, 2011 at 8:54 AM

    Thanks for the analysis!

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  6. AnonymousMarch 15, 2011 at 12:55 PM

    Fascinating stuff.

    ReplyDelete
  7. Fix PC Games AdminMarch 15, 2011 at 1:41 PM

    thanks for information

    ReplyDelete
  8. KhorneMarch 15, 2011 at 2:32 PM

    time to go order some stuff at American sites!

    ReplyDelete
  9. nooneMarch 15, 2011 at 2:43 PM

    Great! Happy for this.

    ReplyDelete
  10. that classic guyMarch 16, 2011 at 9:52 AM

    getting happier if euro gettin higher! =D

    ReplyDelete

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