Thursday, February 10, 2011

USD getting stronger

The Greenback has been able to keep up the outstanding upward pace against the European currency, and after the latter found some support to rebound from 1.3577 lows towards 1.3637 - American session high - the cross is again under pressure at daily lows just under 1.3600 battle-line.

Technically, “EUR/USD continues to consolidate the early session move lower and once that phase has run its course, the setup calls for a fresh break lower to 1.3570/40. The H&S top pattern will still need some more time to fully develop. 1st main resistance is at 1.3655” said the 4CAST analyst team.

source: http://www.fxstreet.com

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13 comments:

  1. JWtechpartsFebruary 10, 2011 at 3:04 PM

    back to parity with the AUD?

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  2. Steve FreelingFebruary 10, 2011 at 3:34 PM

    Wow I never would have guessed. That's incredible..

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  3. amendsFebruary 10, 2011 at 4:18 PM

    That's great news that the USD is getting stronger. I heard news that it might trump the Euro eventually, but that was from a friend. What do you think?

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  4. Lendo KharFebruary 10, 2011 at 4:22 PM

    That was what I was waiting for.

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  5. RianeFebruary 10, 2011 at 4:28 PM

    sucks, our exports are too expensive already

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  6. swagdigitalFebruary 10, 2011 at 5:51 PM

    Thank goodness! I have been worried about this.

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  7. ERBNFMFebruary 10, 2011 at 6:07 PM

    i think people should think about investing in gold considering paper money can be devalued and gold will always have a price. markets showing that right now

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  8. LittleGiantBombFebruary 10, 2011 at 9:42 PM

    The USD is always so shaky, always changing.

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  9. Josh HeppleFebruary 11, 2011 at 1:00 AM

    Nein! as an Australian the USD getting stronger angers me

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  10. AllenTeschFebruary 11, 2011 at 3:31 AM

    I heard that the new wise investment was to hoard nickels. Know anything about that?

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  11. Lance PowersFebruary 11, 2011 at 5:46 AM

    Good news for me, USD should be stronger than EURO.

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  12. JordanFebruary 11, 2011 at 7:26 AM

    Oh I hope so, USD value can be quite depressing at times.

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  13. PANDA.JPGFebruary 12, 2011 at 7:53 AM

    It better go up. Been under the Euro for a while now...

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