Monday, April 11, 2011

EUR/USD 1,4439

The Euro found support at 1.4415/20, daily low, and gained momentum after Wall Street opening, and recovered ground. The pair rose to 1.4465/70, where it found resistance. The EUR/USD currently trades around the same price levels it had at the beginning of the day.

“Still and despite short term bullish, long term trend remains intact in the pair” said Valeria Bednarik, collaborator at FXstreet.com. According to her, the pair needs to break below 1.4410 to accelerate the decline on Monday.

Despite holding above 1.4420 against the Dollar, the Euro is trading at fresh lows versus the Swiss Franc. The EUR/CHF failed to hold above 1.3100 and at the moment trades at daily lows at 1.3095.

 source: fxstreet.com







27 comments:

  1. Thanks for the info! I am going to Slovenia in a few months so I have been trying to watch the Euro.

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  2. This is interesting. Can you make a lot of money trading currency?

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  3. looks like the euro is dipping a little

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  4. Thanks for the update, am new to the forex market

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  5. I think I'm going to start following your posts. I currently live stateside, but am considering a trip to Europe for a Formula 1 race. On average how does the Euro compare to British Pounds?

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  6. I remember when euros were worth 0.89 dollars or so...

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  7. Going to have to follow this feed, I've been planning a trip to Europe for a Formula 1 race. How does the Euro compare to British Pounds (on average)?

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  8. nice outlook on the currency conversion
    will use your blog in the future

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  9. I've actually been traveling between Europe and America...
    Nice info

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  10. Nice blog, I'll add it to my morning coffee!

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  11. Interesting, heard the EU is going through some troubled times... I really need to start reading the New York times.

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  12. Could you really make money doing this? It seems a lot riskier than a real stock market

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  13. What the heck happened at 2:30 today to cause that huge drop?

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  14. great post as always. this blog makes keeping abreast of econ news easy. I also kinda like it too and don't find it to be a chore.

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  15. Very interesting! thanks for the post

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  16. SO glad England didn't switch to the Euro.

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  17. Great info, wish I had been by on monday to read this, I suppose I'll have to visit your blog more often

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