Tuesday, April 26, 2011

EUR/USD 1,4684

The Euro consolidates right beneath its fresh 16-month high against the Greenback, awaiting the conclusion of the 2-day Fed's meeting.

EUR/USD jumped to a high of 1.4656 earlier during the American session, boosted by the risk appetite surrounding the markets. However, the shared currency has been unable to make any progress above that level. At time of writing, EUR/USD is trading around 1.4630, posting a 0.36% daily gain.

The FXMarketAlerts team commented, "Current consolidation phase may last into tomorrow but we doubt we have seen an important top yet. Support is at 1.4575/85 then 1.4545. Above 1.4651 next significant target is at 1.4680".

source: fxstreet.com
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5 comments:

  1. adiaphorosApril 26, 2011 at 5:12 PM

    Is it possible to make a decent amount of side cash just trading foreign currency?

    ReplyDelete
  2. edApril 26, 2011 at 7:08 PM

    im waiting for the day we have a universal currency

    ReplyDelete
  3. goat-on-a-stikApril 26, 2011 at 7:39 PM

    wish i had enough money to play the markets...

    ReplyDelete
  4. ForfeitureApril 26, 2011 at 8:20 PM

    i've always wondered that too adiaphoros..

    ReplyDelete
  5. Cosmonaut MusicApril 26, 2011 at 8:45 PM

    me too! i've recently become interested in currency conversion and investing in silver/gold etc. ill be sure to keep a eye on this blog!

    ReplyDelete

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