The Euro's climb against the Greenback continues with slow but strong pace. After reaching 1.4030 previous high and falling to 1.3975 in the American session, EUR/USD has resume its up trend and the pair has risen 65 pips to reach a new 4-month high at 1.4040. At the moment, the pair is trading around 0.70% above today's openinig price.
The current week, Euro has won 4.0% against Dollar from 1.3480 Monday opening price to reach 1.4040, 4-month high.
Despite signs advancing a correction lower, the Euro bullish trend is strong enough: "Pair reached 1.4000 and at the time, rebound there yet bullish trend is strong enough for another peak higher. Current candle open under previous doji close, suggesting the beginning of a short downside correction as long as maximum remains unbroken, that could reach the 20 SMA that’s losing steam around 1.3935."
Popular Posts
-
The Yen rose against major currencies for second day in a row against European currencies. USD/JPY fell for third consecutive day. Today rea...
-
The U.S. dollar continued to gain today after the yesterday’s rather significant rally as the speculations that the world’s biggest economy ...
-
American Dollar 1 USD in USD Argentine Peso 4.47506 0.223461 Australian Dollar 0.937147 ...
-
Euro 1 EUR in EUR American Dollar 1.365 0.732601 Australian Dollar 1.3428 0.744713 ...
-
Australian Dollar has appreciated further on Tuesday’s European session, and the pair has risen from levels around 0.7400 to 0.7475; 7-month...
No comments:
Post a Comment