Wednesday, April 27, 2011

EUR/USD 1,4673

Euro bearish correction was contained yesterday at 1.4500 area, and the par resumed the upside on Wednesday reaching fresh one-year highs at 1.4715, with scope to extend higher this session, according to Carol Harmer, technical analyst at CharmerCharts.

The pair faces resistance at 1.4715/30, according to Harmer, with next targets, above here, at 1.4760 and 1.4785: "We do have some resistance at 1.4715/30 and today we will either look to buy dips down to 1.4630/25 or buy a break of 1.4730. If we do break the 1.4730 resistance we should be able
to trade higher with 1.4760 to 1.4785 the targeted area."

On the downside, Harmer points out to key support level at 1.4625: "Now if we cannot hold over 1.4625 we should see a small retracement with 1.4585 then looking to entice."

source: fxstreet.com


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6 comments:

  1. edApril 27, 2011 at 8:15 AM

    the chart looks like icicles pointing up

    ReplyDelete
  2. LealeepoApril 27, 2011 at 3:02 PM

    Quite interesting stats. Keep active i think i should try it in the next few months!

    ReplyDelete
  3. UnknownApril 27, 2011 at 5:03 PM

    Think I'll stick to gold :P

    ReplyDelete
  4. Cosmonaut MusicApril 27, 2011 at 7:25 PM

    jeez when we going to get some stability, thanks for update

    ReplyDelete
  5. JacobApril 27, 2011 at 7:37 PM

    Interesting. Very informative blog.

    ReplyDelete
  6. D22 ZoneApril 28, 2011 at 3:52 AM

    Love the blog style! Keep up the great work!

    ReplyDelete

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