Tuesday, April 24, 2012

EUR/USD 1.3191

Risk sentiment continues to improve and the EUR/USD is getting closer of retracing yesterday’s losses. The American session rally pulled the pair from the opening price at 1.3155 to print a new high at 1.3218.

At the moment of writing, the EUR/USD is holding at the psychological level at 1.3200.

“A decisive close below 1.3000 is required to unlock the important multi-month reversal pattern into 1.2625 (16 Jan swing low). Meanwhile, only a sustained daily close back above 1.3228 (20th April high), puts this scenario on hold for a potential recovery into our upside target zone at 1.3460-1.3497 (200-day average)”, wrote MIG Bank analyst Howard Friend.

source: fxstreet.com
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13 comments:

  1. wizardOZZApril 24, 2012 at 4:25 PM

    the euro is coming back i guess

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  2. FuzzyPandaApril 24, 2012 at 4:31 PM

    I'm confused but I think I know what's going on

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  3. MichaelApril 24, 2012 at 4:45 PM

    Interesting stuff, thanks for sharing!

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  4. BoulyApril 25, 2012 at 7:44 AM

    euro still high even if it were 1.2635..

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  5. TheRatdogmanApril 25, 2012 at 9:02 AM

    I'm glad we've still got the Pound here in the UK, wouldn't want to be caught up in the whole euro mess right now

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  6. Electric AddictApril 25, 2012 at 1:21 PM

    Money values is definitely a "psychological level" isn't it.

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  7. brugApril 25, 2012 at 4:04 PM

    Very interesting, good reading. Following

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  8. CodeMasterApril 25, 2012 at 4:14 PM

    Will follow to stay updated, good site

    ReplyDelete
  9. JackieChonkApril 25, 2012 at 7:31 PM

    Do you know anything about e-currencies?

    ReplyDelete
  10. NerijusApril 26, 2012 at 6:15 AM

    Planing on starting trading, this should be a good place to find information.

    ReplyDelete
  11. LuigiApril 26, 2012 at 7:54 AM

    alright keep it going!

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  12. Green Striped ShirtApril 27, 2012 at 12:28 PM

    It's good to stay up-to-date.

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  13. DerocsApril 28, 2012 at 12:46 AM

    Let's hope we recover soon

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