EURUSD It was about time to escape the trading range which has been valid for 2 weeks, therefore the Euro rallied and broke the key barrier at 1.3400 on yesterday, setting fresh highs in the 1.3440 area. Support is currently formed at 1.3400 backed by 1.3380, 1.3350 and 1.3320. Resistance emerges at 1.3440 followed by Read More
Thursday 04.05.2007
EURUSD The Euro recovered its recent losses on yesterday by testing 1.3380 and closing above the 1.3350 mark, adding some strength to the daily momentum. Support is seen at 1.3350 backed by 1.3320, 1.3300 and 1.3255. Resistance emerges at 1.3380 followed by 1.3400. Daily sentiment is bullish and close to neutral while the hourly is Read More
Wednesday 04.04.2007
EURUSD The Euro failed to hold above 1.3350 on yesterday but it found support at 1.3320 and recovered some of its intra-day losses during today’s Asian session. Support is currently formed by 1.3320 backed by 1.3300 and 1.3255. Resistance is seen at 1.3350 which is also the 50 fib retracement of yesterday’s Euro decline, followed Read More
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