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Resistance : 1,5910-20/ 1,5950/ 1,5980/ 1,6020 Support : 1,5830/ 1,5800/ 1,5770/ 1,5745/ 1,5700 Comment : High volatility yesterday, as euro reached the area of 1.5900 during the retracements, without breaching it, while a low was formed at 1.5780 area, slightly
Current level-1.5851 EUR/USD is in an uptrend from recent bottom at 1.5301, that was the final of the prolonged consolidation since 1.5909 (17 March 2008). Technical indicators are slowly rising and trading is situated above the 50- and 200-Day SMA,
The Euro also rose heavily against the Yen yesterday as the pair breached several resistance levels, however the pair couldn't breach the 168.96 resistance which pushed the pair back to gather more momentum, the pair needs to adjust momentum on
EUR/USD Open 1.5932 High 1.5887 Low 1.5787 Close 1.5852 The Euro retrieved significantly yesterday against the US Dollar from Thursday's top 1.5887 to a the bottom 1.5787, which are the first resistance and support levels respectively for the currency couple
Talking Points Japanese Yen: Back down towards 106.00 as US earning results not friendly Euro: Mildly bullish on anti-dollar bid British Pound: Borrowing rises to record pace since 1992 US Dollar: No data on tap all eyes on Citi A
