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.



  1. Oh my, interesting stuff here.

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

  3. Very informative. I shall follow you!

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

    Keep it up man