Sunday, April 17, 2011

EUR/USD 1,4384

EUR/USD Current price: 1.4409. Euro opened the week slightly lower, following past Friday's weakness, and testing at the time of writing the 1.4415 area.

While the ECB is determinate to keep fighting inflation with rake hikes, the sovereign debt jitters continue: Greece continues to be on default risk, and protests had arisen over the weekend.

"Technically, hourly chart has a bearish perspective, with indicators heading south below their midlines, and 20 SMA above current price with a nice bearish slope and acting as dynamic resistance", said Valeria Bednarik, analyst at FXstreet.com.

"Still above 1.4400, 4 hours chart also holds a bearish tone that can weight on the pair over the next hours: 1.4365, past week low, is now key support to break", Bednarik said.

Support levels: 1.4400 1.4365 1.4320. Resistance levels: 1.4440 1.4470 1.4510.

source: fxstreet.com
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18 comments:

  1. edApril 17, 2011 at 6:06 PM

    default risk sounds serious

    ReplyDelete
  2. The Awesome AlienApril 17, 2011 at 6:41 PM

    thing change really fast

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  3. Ryan LylesApril 17, 2011 at 10:16 PM

    the dollar is falling like no other, its getting rediculous

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  4. BrockApril 17, 2011 at 11:26 PM

    That inflation is getting a little rough

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  5. MuteMath FanApril 17, 2011 at 11:55 PM

    Wow, still falling!

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  6. Jazz bazookaApril 18, 2011 at 12:58 AM

    so like... is euro stronger again ?

    ReplyDelete
  7. ­­ wangApril 18, 2011 at 1:39 AM

    pretty graph

    ReplyDelete
  8. UnknownApril 18, 2011 at 1:59 AM

    still on the rise

    ReplyDelete
  9. Patti D.April 18, 2011 at 2:25 AM

    great info, thanks for the post.

    ReplyDelete
  10. metaphysicalfarmsApril 18, 2011 at 7:16 AM

    resistance levels of 1.5 is pretty good

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  11. RazorApril 18, 2011 at 7:32 AM

    I wish I could understand currency fluctuations and invest on forex....

    Congrats on the 600 followers!

    ReplyDelete
  12. FugaziApril 18, 2011 at 9:29 AM

    Rise and stay risen.

    ReplyDelete
  13. TibbleApril 18, 2011 at 12:14 PM

    Not a bad opening considering Fridays close

    ReplyDelete
  14. XatanaApril 18, 2011 at 4:42 PM

    Interesting blog you have here, I'm following!

    ReplyDelete
  15. ZRApril 18, 2011 at 4:45 PM

    want a 100% legit tip? basic logic.

    if someone gives advice, and they give an "outlook" and they haven't made millions trading currency... why would you trust them? numbers never lie.

    practice makes perfect; learn by doing; never give up

    that's how to make money leveraging currency trades (futures notwithstanding... i know mostly about live bid/ask trading)

    ReplyDelete
  16. AnonymousApril 18, 2011 at 5:23 PM

    Thanks for the info

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  17. 123mikeyd123April 18, 2011 at 7:49 PM

    wow i didnt know the euro was at that price

    thanks

    ReplyDelete
  18. EdApril 18, 2011 at 9:17 PM

    Not staying that high for long!

    ReplyDelete

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