The Euro has picked up after hitting intra-day low at 1.3330 and the pair, once consolidated above 1.3400 is setting an assault to intra-day high at 1.3440.
In case of successful move above 1.3440, next resistance would come at 1.3460/65 and above here, 1.3480. On the downside, support levels lie at 1.3400 and below there, next support level lies at 1.3330 and 1.3290.
EUR/JPY recovery from 124.40 low has reached above the 200 day SMA and, according to Mohammed Isah, technical analyst at FXTechstrategy the pair could move further up: “EURJPY was seen trading and closing above its 200 daily ema residing at the 131.59 level in early trading today. A continued hold above this level should bring further upside gains towards its Mar 24’09 high at 134.52 with a clearance of there targeting the 137.41 level, its April 06’09 high.”
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 ...
-
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...
-
WASHINGTON -- A trio of reports Friday suggested the economy, while still sick, is healing a little. Consumer sentiment, for instance, got b...
-
The Gross Domestic Product (GDP) - The sum of goods and services produced by domestic or foreign companies. Industrial Production - A measu... -
The Euro has appreciated somewhat from 1.2450 low seen in early March to reach levels around 1.3300 on the first days of May, a trend which,...
-
Because we are dealing with real money accounts, you are required to verify your details and your email, through various needed step...
No comments:
Post a Comment