Thursday, April 28, 2011

EUR/USD 1,4798

Rebound from Tuesday's low at 1.4490 extended yesterday, on Dollar weakness after Bernanke showed its commitment to maintain interest rates near zero, and the pair rose to fresh 16-month highs at 1.4885, to consolidate above 1.4825 during the European session.

On the downside, below 1.4825 (session low), the pair might find support at 1.4770 (day low) and 1.47155 (intra-day level). On the upside, immediate resistance lies at 1.4880 (day high), and above here, 1.4905 (Dec 7, 2009 high) and 1.5000 (psychological level).

EUR/JPY bounced on Tuesday at 118.50 low, and the pair rallied yesterday and on early Asian session today, to reach fresh 2-week highs at 121.80 and pill back to 120.80 low during the European session.

source: fxstreet.com


11 comments:

  1. I think i struggle to follow this stuff

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  2. Its crazy How much it has changed!

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  3. chart reminds me of an iceberg, sinking, sinking ships

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  4. Damn economics, why are you so complicated :)

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  5. I'm loving the fact that now I can keep updated on the exchange rates. Thanks!

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  6. Im liking the AUD lately, it seems to be going strong.

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