According to Carol Harmer, Chief Analyst and Founder at Charmer Charts: "We may well find a small amount of sellers waiting around 1.4440/45 area and they will try and drive us lower back through 1.4385 to 1.4325 area."
She expands: "Around 1.4385/1.4325 zone, buyers will be waiting thus sellers are advised to cover all shorts to here. We would expect this lower support level to hold and for buyers to come back into the market and try and hold this up."
The British Analyst concludes: "Now as stated you have resistance at 1.4445/57. If then we break above 1.4460 we are expected to rise further with 1.4540/55 then the targeted area."
source: fxstreet.com
It's on the rise apparently.
ReplyDeleteIve never even seen what a euro looks like :/
ReplyDeleteSIQ POST BRO!!!
ReplyDeleteThanks for the heads up.
ReplyDeleteInteresting post, never got into currency maybe it's time to. Followed!
ReplyDeleteCant wait to buy my dollars!
ReplyDeletewait what?
ReplyDeletehopefully there can be a break and the targeted area is hit. It'll help with conversion rates when I get cash from relatives in the EU
ReplyDeleteim just hoping usd goes up
ReplyDeleteI am actually beginning to ask for payment in Euros with a couple of the companies that I worked for. I have a feeling it is going to end up the more stable currency.
ReplyDelete