Wednesday, April 13, 2011

EUR/USD 1,4505

EUR/USD tried to break higher but faltered just prior the level of 1.4535 at 1.4520 on Tuesday, and edged lower to current levels around 1.4475 where it has been consolidating most of the Asian session.

According to Carol Harmer, analyst at CharmerCharts, the medium term charts show the pair in quite dangerously overbought territory, so a pullback could be expected. However, she thinks above 1.4535 the bullish move could resume, "Only then would the market shrug off these overbought indicators leaving buyers to take us higher for 1.4635", Harmer said.

On the downside, she locates support at 1.4450, "A loss through here keeps the sellers in a strong position and we should be able to drive this lower to more manageable levels of 1.4385/75 and possibly 1.4350".

source: fxstreet.com


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22 comments:

  1. Patti D.April 13, 2011 at 5:26 AM

    very interesting info, thanks again.

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  2. FourraApril 13, 2011 at 5:41 AM

    nice :D

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  3. metaphysicalfarmsApril 13, 2011 at 6:32 AM

    doesn't look like anything super exciting is going on with the market today

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  4. FugaziApril 13, 2011 at 7:55 AM

    Trending up it looks like but still so unstable.

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  5. UnknownApril 13, 2011 at 7:59 AM

    hmm interesting

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  6. MilesApril 13, 2011 at 9:20 AM

    Ugh. More about how worthless the USD is. Make me feel awesome..........wait for it.......NOT.

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  7. LeviApril 13, 2011 at 9:22 AM

    I've always been interested by the USD/EU exchange rates, because I work at an airport, and obviously deal with customers who come from all over the world. Our store is equipped with computers which automatically update the exchange rates, although I always had a knew they weren't correct. Using your blog as a reference will help me explain to customers that the exchange rates we provide are actually wrong. I hate the company I work for.

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  8. edApril 13, 2011 at 9:27 AM

    looks like its time for it to go up some pips?

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  9. XatanaApril 13, 2011 at 9:28 AM

    Interesting, i'll stay tuned for more

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  10. kaboomanApril 13, 2011 at 9:46 AM

    I'm interested in that, but good think that u are.

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  11. Aaron M. GipsonApril 13, 2011 at 9:48 AM

    Come on Dollar, you can do it! I love this blog so much, I can actually say that I know more than my friends about what's happening to the greenback, and I don't even live in the US anymore LOL!

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  12. RazorApril 13, 2011 at 10:41 AM

    I had $300 and changed to euro last monday. I really hoped to get more value for my money =(

    +followed!

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  13. freightblogApril 13, 2011 at 10:46 AM

    I like the Euro :D

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  14. FizzyfaceApril 13, 2011 at 10:47 AM

    Very nice blog! very useful to know, look forward to reading future posts.

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  15. JessyApril 13, 2011 at 11:20 AM

    it will go still higher

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  16. TaylorApril 13, 2011 at 1:22 PM

    the dollar is weak saucee

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  17. MikeApril 13, 2011 at 1:44 PM

    I hope the dollar picks it up soon.

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  18. LifeHacksApril 13, 2011 at 2:49 PM

    I hated the exchange rates when I went over to Germany....

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  19. Biff TannerApril 13, 2011 at 2:52 PM

    Got Mine Today!

    ReplyDelete
  20. thoff74April 13, 2011 at 9:14 PM

    Currency trading is a subject that I know nothing of.

    ReplyDelete
  21. D22 ZoneApril 14, 2011 at 2:53 AM

    cool post man! I like it!

    ReplyDelete
  22. Frantz FanonApril 16, 2011 at 7:54 AM

    Got my morning fix of currency info...thanks for the update.

    ReplyDelete

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