Tuesday, April 26, 2011

EUR/USD 1,4617

Euro pullback from 1.4650 high last Thursday has found support at 1.4490/00 on early Asian session, and, after a brief period of consolidation, the pair has bounced higher on European session, rallying about 150 pips to reach 1.4650 area.

On the upside, above 1.4650 (Apr 21 high/session high), the pair might find resistance at 1.4700 (psychological level) and then at 1.4730/50 area (daily and weekly pivot point resistance). On the downside, immediate support lies at 1.4490 (day low), and below here, 1.4400 (20-day MA) and 1.4325 (Apr 20 low).

EUR/GBP pullback from 0.8850 high on Monday has found support at 0.8810 on early Asian session, and the pair Bounced higher on European session, reaching 0.8880 resistance area, under pressure at the moment of writing.

source: fxstreet.com