Sunday, May 6, 2012

EUR/USD 1.3080

The Euro's decline against the Dollar from 1.3175 seems to have found support at the 1.3080 after falling around 100 pips in the American session on the back of rumours about Greece leaving the area and next election in the Hellenic country and France.

After supporting at 1.3080, the EUR/USD has been trading in a slight recovery to teach levels close to the 1.3100 zone. Currently the pair is trading at 1.3090, 0.45% below today's opening price action. Pair remains "Strongly Bearish" and "Overbought" according to FXstreet.com Technical Studies.

The single currency is being hammered just after the European close on rumours about certain Spanish banks insisting on another round of LTRO (LTRO3) and unconfirmed sources talking about the likeliness of Greece exiting the bloc.

source: fxstreet.com
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6 comments:

  1. ChristopherMay 7, 2012 at 6:50 PM

    My stocks are also trending down. Sucks

    ReplyDelete
  2. CodeMasterMay 11, 2012 at 6:33 AM

    Thanks for the information

    ReplyDelete
  3. Sell DinarJuly 30, 2012 at 12:38 AM

    what is the best way to sell dinar? Any creative ideas?

    ReplyDelete
  4. iraq currencyJuly 31, 2012 at 2:07 AM

    we have to be careful when dealing with trading currency..this will have a huge impact when its a huge amount..

    ReplyDelete
  5. AnonymousSeptember 21, 2012 at 7:01 AM

    It still doesn't change the sad fact of how much the EUR has been going stronger than RSD in my country.

    ReplyDelete
  6. That Random Game BloggerSeptember 29, 2012 at 4:09 PM

    that's actually pretty bad for me, I remember when the euro was worth roughly 1.41 dollars.

    Seems importing stuff from the US isn't quite as cheap anymore

    ReplyDelete

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