EUR/USD is fighting the 1.3300 level after falling to 1.3270 from 1.3375 in the early American morning. Currently the pair is trading around 1.3295/1.3305, fighting to be positive or negative in the day from 1.3304 opening price.
"Pair has reached the 61.8% retracement of the last down leg, so we could see some consolidation between 1.3330 and 1.3365 before next rally to the upside, supported by clearly bullish momentum. Price is above 20 SMA that is also turning up. New candle opening above previous mentioned 61.8% at 1.3365 will be first signal of continuation in the pair. Support levels: 1.3335 1.3300 1.3276. Resistance levels: 1.3365 1.3394 1.3440."
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 ...
-
Forex trading sites offer different account types. Make sure you find the right trading site , and then the job of selecting the account ty... -
WASHINGTON -- A trio of reports Friday suggested the economy, while still sick, is healing a little. Consumer sentiment, for instance, got b...
-
Gross Domestic Product (GDP) – This measures the total market value of all goods and services that companies make within the country. This ... -
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,...
-
Market orders are the most basic Forex trading orders that are bought and sold for the current market price. With market orders, the... -
Choose the right program for you - You first need to examine each of the websites, according to the services they offer. Some websites are ... -
The Gross Domestic Product (GDP) - The sum of goods and services produced by domestic or foreign companies. Industrial Production - A measu...
No comments:
Post a Comment