EUR/USD: Euro hovering around 1.4700
FXstreet.com (Córdoba) – The Euro has recovered part of previous losses against the Dollar and is holding above 1.4700. EUR/USD fell earlier to 1.4671, posting a fresh intra-day low. Form there the pair started to recover and the upside found resistance at 1.4720. EUR/USD is still moving with a downside bias for the session.Despite being traded 0.57% below today’s opening price, the Euro is consolidating a weekly gain of more than a hundred pips.
The ecPulse.com analysis team affirms: “So far, the green Benjamin continues on strengthening slightly against the majors; the euro and the royal pound, after that the Fed Chairman; Bernanke, proclaimed that interest rates will be raised once that the economy of the U.S shows strong signs of a recovery. As a result, the euro-dollar is plunging slightly and may plummet further to the downside according to the one-hour stochastic oscillator.”
EUR/USD (Oct 10 at 07:00 GMT)
1.4727/31 (0.02%)
H 1.4729 L 1.4721
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.4653 | 1.4690 | 1.4727 | 1.4727 | 1.4764 | 1.4801 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bullish | Neutral |
| Data updated on Oct 10 at 06:50 (15-minute timeframe) | |
