Monday, April 2, 2012

EUR/USD drops below 1.3300

The Euro accelerated losses against the Greenback early American session, extending its decline from a 1-week high of 1.3380 to levels below 1.3300, as comments from Fed Fisher talking down the prospects of further easing has helped to lift the USD.

EUR/USD has lost nearly a hundred pips within the last hours, breaking below the 1.3310 support level to hit a low of 1.3282 in recent dealings. At time of writing, the cross is quoting at 1.3287, 0.5% below its opening price.

In terms of technical levels, immediate supports are seen at 1.3270, 1.3250 and 1.3215, while resistances could be faced at 1.3310, 1.3350 and 1.3380.

source: fxstreet.com
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6 comments:

  1. YanuApril 2, 2012 at 8:48 AM

    Oh my, interesting stuff here.

    ReplyDelete
  2. AnonymousApril 2, 2012 at 10:15 PM

    It will keep dropping, financial system of the world is unstable..

    ReplyDelete
  3. Nick HaldenApril 3, 2012 at 6:42 AM

    Very informative. I shall follow you!

    ReplyDelete
  4. CyrusTheVirusApril 3, 2012 at 6:57 AM

    Thanks for the information mate a nice blog you have here its very interesting.

    Keep it up man

    ReplyDelete
  5. UwantUloseApril 12, 2012 at 9:26 AM

    Thx for information!

    ReplyDelete
  6. AnonymousOctober 30, 2012 at 9:30 PM

    really cool

    ReplyDelete

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