Currency Trading: EUR/USD 1,4798

Thursday, April 28, 2011

EUR/USD 1,4798

Rebound from Tuesday's low at 1.4490 extended yesterday, on Dollar weakness after Bernanke showed its commitment to maintain interest rates near zero, and the pair rose to fresh 16-month highs at 1.4885, to consolidate above 1.4825 during the European session.

On the downside, below 1.4825 (session low), the pair might find support at 1.4770 (day low) and 1.47155 (intra-day level). On the upside, immediate resistance lies at 1.4880 (day high), and above here, 1.4905 (Dec 7, 2009 high) and 1.5000 (psychological level).

EUR/JPY bounced on Tuesday at 118.50 low, and the pair rallied yesterday and on early Asian session today, to reach fresh 2-week highs at 121.80 and pill back to 120.80 low during the European session.

source: fxstreet.com

11 comments:

ForfeitureApril 28, 2011 at 5:47 AM
I think i struggle to follow this stuff
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The Awesome AlienApril 28, 2011 at 6:48 AM
thats one big drop
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UnknownApril 28, 2011 at 7:33 AM
uh oh
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ApesApril 28, 2011 at 7:45 AM
Its crazy How much it has changed!
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edApril 28, 2011 at 8:09 AM
chart reminds me of an iceberg, sinking, sinking ships
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Biff TannerApril 28, 2011 at 3:28 PM
Got my pips today you get your?
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hackser141April 28, 2011 at 3:49 PM
Nice to see a rebound for once
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Hardy PaceApril 28, 2011 at 4:13 PM
whoa, this is some useful stuff
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MichelangeloApril 28, 2011 at 4:14 PM
Damn economics, why are you so complicated :)
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KyleApril 28, 2011 at 4:18 PM
I'm loving the fact that now I can keep updated on the exchange rates. Thanks!
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tcrossoApril 29, 2011 at 5:58 AM
Im liking the AUD lately, it seems to be going strong.
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