Wednesday, April 6, 2011

EUR/USD 1,4340

The EUR/USD extends further to the upside over the North American session, breaking past prior resistance at 1.4320 and hitting a fresh 14-month high around 1.4340. The common currency has shown mostly bullish tendencies in recent sessions as the market highly expects a rate hike by the ECB tomorrow.

While still poised for further gains, immediate resistance past its current level are listed at 1.4370 (Dn TL Fm Jul 2008 High), 1.4415 (Daily High Jan 19) and 1.4512 (Daily High Jan 15). In the case of a corrective move to the downside, support is placed at 1.4255 (Hourly Support Apr 16), 1.4205 (Hourly Low Apr 6) and 1.4167 (10-Day MA).

source: fxstreet.com


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12 comments:

  1. CorridorApril 6, 2011 at 8:40 AM

    Good news or bad? In relation to the other countries?

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  2. UnknownApril 6, 2011 at 9:01 AM

    holy

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  3. elexerdelexApril 6, 2011 at 9:08 AM

    wow... Could this have something to do with lybia/oil prices?

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  4. Aaron M. GipsonApril 6, 2011 at 9:19 AM

    So I wonder what happened at 15:15 to make it shoot up like that?

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  5. D.April 6, 2011 at 10:33 AM

    This is not so high, wish it was around 1,50 again like last year so I can buy some cheap shit from China (I'm in Europe)

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  6. GeojourApril 6, 2011 at 2:10 PM

    The fluctuations in the market are a sure sign that something big is about to happen!

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  7. edApril 6, 2011 at 7:08 PM

    well, looks like its going down again

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  8. JayApril 6, 2011 at 8:23 PM

    good to know. ;)

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  9. CorridorApril 7, 2011 at 12:52 AM

    wow. just... wow.

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  10. Patti D.April 7, 2011 at 6:30 AM

    thanks for the info and the chart.

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  11. metaphysicalfarmsApril 7, 2011 at 8:34 AM

    where did that spike come from?!

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  12. ExoticBloggerApril 7, 2011 at 11:32 AM

    sounds good

    ReplyDelete

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