Monday, April 11, 2011

EUR/USD 1,4439

The Euro found support at 1.4415/20, daily low, and gained momentum after Wall Street opening, and recovered ground. The pair rose to 1.4465/70, where it found resistance. The EUR/USD currently trades around the same price levels it had at the beginning of the day.

“Still and despite short term bullish, long term trend remains intact in the pair” said Valeria Bednarik, collaborator at FXstreet.com. According to her, the pair needs to break below 1.4410 to accelerate the decline on Monday.

Despite holding above 1.4420 against the Dollar, the Euro is trading at fresh lows versus the Swiss Franc. The EUR/CHF failed to hold above 1.3100 and at the moment trades at daily lows at 1.3095.

 source: fxstreet.com







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23 comments:

  1. UnknownApril 11, 2011 at 10:37 AM

    Thanks for the info! I am going to Slovenia in a few months so I have been trying to watch the Euro.

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  2. MikeApril 11, 2011 at 10:50 AM

    This is interesting. Can you make a lot of money trading currency?

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  3. edApril 11, 2011 at 10:54 AM

    looks like the euro is dipping a little

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  4. Jack MillerApril 11, 2011 at 11:03 AM

    Thanks for the update, am new to the forex market

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  5. FugaziApril 11, 2011 at 11:13 AM

    Wow Look at the one drop

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  6. isoskimApril 11, 2011 at 12:14 PM

    Thank man, really useful. :)

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  7. UnknownApril 11, 2011 at 4:40 PM

    good chancee to invest

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  8. RockinruleApril 11, 2011 at 4:57 PM

    Very complicated.

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  9. XPSMcLarenApril 11, 2011 at 4:58 PM

    I think I'm going to start following your posts. I currently live stateside, but am considering a trip to Europe for a Formula 1 race. On average how does the Euro compare to British Pounds?

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  10. Ke3userApril 11, 2011 at 5:03 PM

    Interesting, man. Following.

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  11. PatresApril 11, 2011 at 5:04 PM

    I remember when euros were worth 0.89 dollars or so...

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  12. XPSMcLarenApril 11, 2011 at 5:04 PM

    Going to have to follow this feed, I've been planning a trip to Europe for a Formula 1 race. How does the Euro compare to British Pounds (on average)?

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  13. lacrossemanApril 11, 2011 at 5:18 PM

    nice outlook on the currency conversion
    will use your blog in the future

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  14. TVRApril 11, 2011 at 5:20 PM

    I've actually been traveling between Europe and America...
    Nice info

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  15. LukeApril 11, 2011 at 5:23 PM

    Nice blog, I'll add it to my morning coffee!

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  16. JoelRiterApril 11, 2011 at 5:38 PM

    Interesting, heard the EU is going through some troubled times... I really need to start reading the New York times.

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  17. Chris PrendergastApril 11, 2011 at 5:42 PM

    Could you really make money doing this? It seems a lot riskier than a real stock market

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  18. Aaron M. GipsonApril 11, 2011 at 7:13 PM

    What the heck happened at 2:30 today to cause that huge drop?

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  19. RoloApril 12, 2011 at 1:21 AM

    great post as always. this blog makes keeping abreast of econ news easy. I also kinda like it too and don't find it to be a chore.

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  20. Patti D.April 12, 2011 at 4:27 AM

    Very interesting! thanks for the post

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  21. TomApril 12, 2011 at 6:41 AM

    SO glad England didn't switch to the Euro.

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  22. metaphysicalfarmsApril 12, 2011 at 7:45 AM

    it seems fairly stable today

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  23. BrockApril 13, 2011 at 9:06 AM

    Great info, wish I had been by on monday to read this, I suppose I'll have to visit your blog more often

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