Saturday, September 5, 2009

Forex: Euro breaks above 1.4260 on recovery path


Fri, Sep 4 2009, 16:06 GMT

FXstreet.com (Barcelona) – Euro has recovered almost all of losses on the back of unemployment report against the Greenback and, after bouncing at 1.4195, EUR/USD has risen around 90 pips to trade above 1.4200 again, break 1.4260, MA55 in the hourly chart, and test 1.4282 level, MA200 in the hourly chart.

Currently, EUR/USD is trading around 1.4270/80, 0.35% below today's opening price action at 1.4258.

EUR/USD (Sep 04 at 16:33 GMT)

1.4309/10 (0.35%)

H 1.4327 L 1.4189

S3S2S1R1R2R3
1.42181.42541.42901.43161.43521.4388
[?]Trend Index[?]OB/OS Index
Slightly BullishNeutral
Data updated on Sep 04 at 16:30 (15-minute timeframe)

 razzimaniapips

No comments: