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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
below 4447... would see 4400/10 then 4350/60.... if 4350 holds.. could see move higher from that level...
break below 4327 would shift focus back to 4150/80 support...
IMF head, is on the verge of collapse, the NY Times reports. The paper's
website says investigators have uncovered major holes in the credibility
of the housekeeper who charged that he attacked her in his Manhattan
hotel suite in May"..
EUR to follow?.. and Mach might be back at the forum too..:-)
Thursdays trade saw the Euro as well as equity markets reach monthly highs, as confidence and optimism attracted investors to riskier assets, pushing EUR/USD into the 1.4340 price zone.
Technically speaking, Hourly chart shows indicators flat and losing momentum, as well as 20 SMA that anyway contains price slides. Market sentiment may favor the upside in the pair once above mentioned high and trend line, with 1.4600/20 as next bullish target for the cross, explains Valeria Bednarik, Chief Analyst at FXstreet.com.
At the time of writing, EUR/USD is quoted in the 1.4480 price zone, 20 pips below its Asian open. To the downside, Valeria identifies support levels at 1.4480, 1.4445 and 1.4410. To the upside, resistance levels lie at 1.4540, 1.4585 and 1.4610.
Source:http://www.fxcc.com
btw on what time frames do you Kroll?..