Euro - Did bounce about 55 pips on the first test of that overhead resistance at 1.5086 |
|
Euro Did bounce about 55 pips on the first test of that overhead resistance at 1.5086 that was outlined in yesterday’s report. On the second test however it couldn’t hold up and broke above this level. Basically bullish momentum intact above 1.4970 break out level now, with minor support around that 1.5086 (prior resistance). Have short term rising support down at 1.4737 today, so that is quite some way below the current price. Looking at the chart in a longer term view the absolute key rising
Read More...Filed under: Technical
Latest Posts
- BoE and ECB: Will they Under or Over Deliver?
- Japan CAPEX highlights ongoing weakness in capital spending
- The US dollar traded stronger against a basket of currencies after the ECB
- Asia Session
- Asian Session: Asian Stocks rise on further commodity weakness – markets eye NFP’s today
- Update on global housing market
- Guidelines For a Market Bottom
- Usd/Chf update
- Daily FX Commentary
- Eur/Usd for today
- Greenback declines against the Yen as U.S payrolls fall
- Finding a Broker
- Forex - Dollar fell against Euro after ECB rate cut
- Euro Gains After “Meager” Rate Cut
- Daily Forex Overview
No Comments! Be The First!