EURUSD: Continues To Recover Nearer Term |
|
EURUSD : A third-day of upside recovery was registered on Monday pushing the pair to as high as 1.5559.This is coming on the back of a corrective bounce off the 1.5285 low following its failure to hold below its strong support at the 1.5360/41 area, its May 02’08/Mar 24’08 lows/.382 Ret (1.4438-1.6018 rally) the past week. The pair’s May 06’08 high standing at 1.5593 will be targeted on any further strength from its present price levels with a break and hold above there setting the stage for
Filed under: Technical
Latest Posts
- Canada’s jobs growth likely slowed in February
- Hungary: CPI slowed to 5.7% y/y in February
- Canada: Trade balance remains in surplus in January
- long EURJPY from intraday
- US Session News Summary
- TraderPlanet Daily Currency Analysis
- Dollar declines as trade balance signal easing recovery
- Today’s Live Show: The CFTC Proposal, the Fed and the USD Outlook
- USD mixed, trade deficit narrows as exports decline
- Gold Review
- March 2010 - Cold shower for British pound
- Comprehensive FX and Futures Daily Commentary
- Looming auction and hearty Chinese data hinders bonds
- Currencies calmly accept rampant Chinese growth
- USD lower, China rate hike fears, UK inflation expectations
No Comments! Be The First!