Thursday, April 14, 2011

EUR/USD 1,4489

Long term bullish trend in the common currency seems to be unbeatable, as after falling to 1.4365, the Euro is back up, reaching fresh US session highs and approaching to 1.4500. Sovereign debt woes had return to the table over the past two days, yet rate differentials weight more right now, favoring Euro against major rivals.

Having reached 1.4490 by the time of writing, immediate resistance lays at 1.4520, past Wednesday daily high, followed by 1.4550 area, January 2010 strong congestion zone. Supports now, are located at 1.4460, intraday static area, followed then by 1.4415 price zone.

source: fxstreet.com


14 comments:

  1. Here's hoping we have more days like this in a row!

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  2. Looks like a good climb to me! I still cant believe how unstable it gets everyday.

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  3. with a good timing there was alot of money to be made

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  4. Euro just keeps climbing, huh? The dollar is looking well sad.

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  5. the euro seems to be going strong

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  6. as long as the euro is higher than the dollar my ebay purchases get cheaper :D

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  7. The canadian dollar is above parity with the US greenback...maybe canada will take over the world.

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  8. It looks as though it has stabilized through the course of the day, and there is no way that can be a bad thing!

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