Wednesday, April 6, 2011

EUR/USD 1,4340

The EUR/USD extends further to the upside over the North American session, breaking past prior resistance at 1.4320 and hitting a fresh 14-month high around 1.4340. The common currency has shown mostly bullish tendencies in recent sessions as the market highly expects a rate hike by the ECB tomorrow.

While still poised for further gains, immediate resistance past its current level are listed at 1.4370 (Dn TL Fm Jul 2008 High), 1.4415 (Daily High Jan 19) and 1.4512 (Daily High Jan 15). In the case of a corrective move to the downside, support is placed at 1.4255 (Hourly Support Apr 16), 1.4205 (Hourly Low Apr 6) and 1.4167 (10-Day MA).

source: fxstreet.com


13 comments:

  1. Good news or bad? In relation to the other countries?

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  2. wow... Could this have something to do with lybia/oil prices?

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  3. So I wonder what happened at 15:15 to make it shoot up like that?

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  4. This is not so high, wish it was around 1,50 again like last year so I can buy some cheap shit from China (I'm in Europe)

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  5. The fluctuations in the market are a sure sign that something big is about to happen!

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  6. well, looks like its going down again

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  7. thanks for the info and the chart.

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