Tuesday, April 19, 2011

EUR/USD 1,4286

Euro went through one of its sharpest sell off in several months yesterday, plummeting almost 300 pips on the day to reach fresh 2-week lows at 1.4155, were the pair found support to pick up over the last sessions, returning to 1.4300, to test resistance at the broken trendline support from January lows.

Above the mentioned 1.4310, the pair might find resistance at 1.4365/75 (Apr 12/14 lows) and 1.4425 (Apr 18 high). On the downside, support levels lie at 1.4245 (previous day high) and below here, 1.4200 (day low), and 1.4150 (Apr 5/18 low).

EUR/GBP retreat from 0.8925 high on April 13, extended on Monday to a fresh 8-day low at 0.8740, and the pair has been trimming losses on Tuesday's Asian and European sessions returning to 0.8795 high so far.

source: fxstreet.com


10 comments:

  1. Really interesting read following

    ReplyDelete
  2. the possible downrate of the usa gonna boost the euro to new heights

    ReplyDelete
  3. I've started looking at Forex Trading. I'll be coming back here a few times.

    ReplyDelete
  4. got a trip planned to holland in a few weeks lets hope the euro goes down when i come lol

    ReplyDelete
  5. wow 300 pips, thats like 6x last week's #

    ReplyDelete
  6. Just bought a bunch of euros.

    ReplyDelete
  7. oh no the euro is falling! will it stay this way?

    ReplyDelete