Wednesday, April 20, 2011

EUR/USD 1,4520

The Euro has risen sharply during the last two days to retrace the whole decline from last week highs and reach fresh year highs at 1.4550 where, according to Karen Jones, technical analyst at Commerzbank, the pair could fail. and retreat to 1.4100 area.

Jones advices to allow for failure at 1.441.4445/1.4535 resistance: "EUR/USD has seen a strong recovery and looks set to retest the 1.4445/1.4535 resistance (1995 high), where we would again allow for failure. Initial support lies at 1.4130, the 23.6% retracement of the move higher seen this year. However we suspect that we will see the Euro sell off to 1.4021, the end of March low."

source: fxstreet.com

17 comments:

  1. Euro might fall a bit due to the Portugal crisis.

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  2. I've been watching it go up and down over the past few days... It feels like watching a trampoline...

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  3. fuck it, i don't care, i will buy my cola with gold coins from now on.

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  4. Euro just keeps going up and up :)

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  5. damn, its growing stronger

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  6. That's fine that the Euro has risen but what about the USD? We need to kick it in gear!

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  7. i highly doubt any of this will stay this way. that was most likely because of the credit downgrade but euro still needs to figure out those defaults

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  8. And meanwhile, oil keeps going up. It's like we can't win for losing.

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  9. I always love it when I pay something that is in USD and then see how much "cheaper" it is in Euro's

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  10. Being from the USA and going to school in Europe I constantly have to view the exchange rate of USD to Euros. This blog is going to be helpful, thanks.

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  11. Some are reporting that manufacturing is going to cause another crisis when quarterly earnings come out. What do you think?

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  12. So how do you think where there will be a stop of uptrend?

    Watching oil and gold rally we have good odds to climb over 1,5, I think.

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  13. Interesting.. I hope I make some profit with my investment anytime soon!

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