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(CEP News)- The euro is making some gains as stronger global equity markets are helping to weaken the U.S. dollar.The euro has trended steadily higher through the Asian and European trading sessions and has broken through key resistance levels of 1.2700. Some currency strategists are expecting gains to be capped at around these levels as negative sentiment can still be felt in markets.Although the euro is moving higher against the greenback, it is unable to find any momentum against the

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Forex: GBP/USD: The Pound hits 1.5497; fresh 2009 high

FXstreet.com (Barcelona) - The Sterling has continued rallying during Tuesday's Asian session, from yesterday's low at 1.5115, the pound has reached a fresh 2009 high at 1.5497 moments after UK CPI data was released.Resistance levels, at this point, could lie at 1.5535(Nov 25 and 27 high) and above there, 1.5600 and 1.5725 (Dec 17 high). On the downside, support levels lie at 1.5480 previous intra-day high, and below there, 1.5355 (May 12 high), and 1.5285 (May 15 high).GBP/JPY

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EUR/USD: Euro consolidates above 1.3330 and approaches 1.3400

FXstreet.com (Barcelona) ? The Euro has remained at high levels after yesterday rally, and downside correction has been supported at 1.3330 on early European session, to bounce and approach 1.3400 at the time of writing.According to the Swiss e Trade Strategy Team, the Euro mightr attempt to rise higher again: ?The euro is consolidating its higher levels reached yesterday against the dollar in early European trading and is currently priced at 1.3370. We see some higher levels being approached today,

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EUR/USD: Euro rises to 1.3262 after Ifo data, beware correction

FXstreet.com (Barcelona) ? The Euro seems to be advancing at a strong pace after its recovery from yesterdays dip to 1.3000, and fuelled by a better tan expected German Ifo business climate Index, the Euro has hit a fresh two-weeks high at 1.3235.In case of further climbing, next resistance levels could stand at 1.3269 (Apr 16 high) and 1.3300. On the downside support levels stand at 1.3200 (Apr 17 high) and 1.3160 (Apr 23 high).Nevertheless, after a rally of about

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Wall Street advances on better than expected retailers reports, EUR fuelled by ECB

FXstreet.com (Barcelona) - US market has opened higher after the better than expected retailers reports as WallMart says its US yearly sales rose 5.0% in April, well above 3.0% expected by market. EUR is climbing up on ECB buying bonds plan and Trichet words, Risk appetite seems to be back.Dow Jones advances 0.25% to 8,530, S&P 500 is rising 0.49% to the 922.54 level. On the other hand, Nasdaq is losing 0.55% after open higher.EUR/USD has reached its monthly high

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Forex (foreign exchange) Currency trading

Forex trading (foreign exchange), Currency trading, Daily forex major currency technical analysis

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EUR/USD: Euro posts another high at 1.3300 and sets back

FXstreet.com (Barcelona) - The Euro has broken intra-day high at 1.3370 to reached a new two-weeks high at 1.3300, to set back again to levels right below 1.3270. At the moment the Euro trades at 1.3265; 1.0% above its opening level.Immediate resistance remains at 1.3270,and then today?s high at 1.3300 ; above here, 1.3340 (Apr 9 high). On the downside, support levels stand at 1.3200 and below there, 1.3160 (Apr 23 high) and today?s low at 1.3115According

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Forex: GBP/USD: Sterling consolidating above 1.5450

FXstreet.com (Barcelona) - The Pound has remained moving in a range from 1.5450 to 1.5500 during Wednesday's Asian session, after having reached a 5-month high at 1.5525 on Tuesday's U.S. session.Support levels lie at 1.5450 intra-day support, and below there 1.5370 (Jan 8 high) and 1.5350 (May 12 high). On the upside, initial resistance lies at 1.5500 intra-day high before May 19 high at 1.5525, above here, 1.5650.GBP/JPY rally from 143,00 low on Monday has capped at 149.65 high Tuesday's

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Forex: EUR/USD: Euro hits a fresh 7-week high at 1.3707

FXstreet.com (Barcelona) ? Euro rally from 1.3560 low on Asian session has extended to a fresh 7-week high at 1.3707 after U.S. trade data was released, the Euro has pulled back afterwards to levels around 1.3650.According to Peter Rosentreich, technical analyst at ACM - Advanced Currency Markets, the Euro is aiming for 1.3740: ?Constructive under immediate resistance (Piercing line on daily chart) at 1.3669 (Yesterday?s high), consolidation subsides as we head higher, we continue to aim for 1.3740 area, a