Published: Mon, 09 Nov 2009 15:14:00 +0100
Forex: EUR/USD: Euro, consolidating around 1.5000
FXstreet.com (Barcelona) - Euro rally from November 3 low at 1.4626 has reached a fresh 2-week high at 1.5010, and the Euro is consolidating in a range from 1.4980 to 1.5010 ahead of the U.S. session opening.
On the upside, above intra-day high at 1.5010, next resistance levels lie at 1.5060 (Oct 26 high) and 1.5100. On the downside, support levels are 1.4945/60, and below here, at 1.4915 (Nov 4,5 and 6 highs), and 1.4880.
On a wider perspective, Nicole Elliott, senior technical analyst at Mizuho Corporate Bank sees the Euro trading at levels prior to October 2008 meltdown: "The Euro is now back up to levels last seen prior to October 2008?s meltdown, and might need to consolidate around here for another week or two. But over the year-end we expect another bout of generalized US dollar weakness."
By Fxstreet.com
Real-Time Economic Calendar - Currencies at a Glance - Pip Rebate Program
© 2009 “FXstreet.com. The Forex Market” All Rights Reserved. Every effort is made to provide accurate and complete information. However, with the thousands of documents available, often uploaded within short deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of FXstreet.com content is expressly prohibited without the prior written consent of FXstreet.com.
Search
Actualité du forex
Forex News
- Wall Street ends Friday in negative; Dollar with gains
- Forex: EUR/USD ends week with moderate losses
- Forex: GBP/USD fails to hold above 1.6500
- Forex: EUR/GBP trades at the highest level in a week
- Forex: EUR/USD rebounds at 1.4875 and falls to 1.4835
- Eur/usd : La Tendance Reste Incertaine Pour L'euro
- Le pétrole brut chute en raison de la baisse du marché action
- L'euro ne parvient pas à casser le niveau des 1,50$
- Le dollar se renforce en raison des données économiques faibles
- Le yen s'échange proche d'un plus haut niveau sur une semaine contre l'euro