Thursday, October 8, 2009

Forex: EUR/USD pulls back to 1.4605 after hitting fresh 2009 high

FXstreet.com (Córdoba) – The Euro pulled back against the Dollar after hitting at 1.4652 a fresh high for 2009. EUR/USD is moving in a small range with support at 1.4605 and resistance at 1.4628. The pair is 0.20% above today’s opening price extending the rally. On the upside, above intra-day high the next resistance lies at 1.4675. To the downside, support is located at 1.4575 and below at 1.4500 (Sept 10 low).

The Euro rocked earlier against Cable. EUR/GBP is back above 0.8800 and is 0.80% above today’s opening price. The Pound is losing last week gains. The next resistance lies at 0.8840; in case the pair breaks above it will be reaching a fresh 3-month high.


* EUR/USD
* EUR/GBP

EUR/USD (Sep 14 at 17:37 GMT)
1.4616/18 (0.12%)
H 1.4652 L 1.4512
S3 S2 S1 R1 R2 R3
1.4536 1.4572 1.4609 1.4618 1.4655 1.4691
[?]Trend Index [?]OB/OS Index
Neutral Neutral
Data updated on Sep 14 at 17:35 (15-minute timeframe)


source:-fxstreet.com

No comments:

Post a Comment