Monday, April 2, 2012

EUR/USD drops below 1.3300

The Euro accelerated losses against the Greenback early American session, extending its decline from a 1-week high of 1.3380 to levels below 1.3300, as comments from Fed Fisher talking down the prospects of further easing has helped to lift the USD.

EUR/USD has lost nearly a hundred pips within the last hours, breaking below the 1.3310 support level to hit a low of 1.3282 in recent dealings. At time of writing, the cross is quoting at 1.3287, 0.5% below its opening price.

In terms of technical levels, immediate supports are seen at 1.3270, 1.3250 and 1.3215, while resistances could be faced at 1.3310, 1.3350 and 1.3380.

source: fxstreet.com

6 comments:

  1. Oh my, interesting stuff here.

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  2. It will keep dropping, financial system of the world is unstable..

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  3. Very informative. I shall follow you!

    ReplyDelete
  4. Thanks for the information mate a nice blog you have here its very interesting.

    Keep it up man

    ReplyDelete