Tuesday, May 17, 2011

EUR/USD 1,4209

Greenback lost momentum across the board as stocks recover ground in Wall Street. EUR/USD rose more than 60 pips in the last hour climbing back above 1.4200.

The pair soared after hitting a daily low at 1.4120 and reached a new high at 1.4235. To the upside the Euro might face immediate resistance around 1.4245 where yesterday’s high lie.

source: fxstreet.com


3 comments:

  1. Gold and silver have gone down too :(

    ReplyDelete
  2. As Euro values least shopping on US gets cheaper

    ReplyDelete