eToro Online Forex Trading eToro Comercio de Forex en línea eToro Forex trading online eToro Trading du Forex en ligne eToro Mercado Internacional de Divisas Online eToro Торговля на Форексе онлайн eToro 在线外汇交易 eToro オンライン フォレックス トレーディング eToro تداول مباشر بالفوريكس eToro online Devisenhandel eToro Çevrimiçi Foreks Ticareti eToro Online Forex Trading

Rising Stocks elevate Euro

Mon, Jan 26, 2009

Commentaries

21:00 GMT
The Euro is trading higher against majors  as U.S stokes moved higher.

EURUSD - has broken above its resistance level 1.3080 this after noon, and continues to advance higher towards 1.32.
Next significant resistance level is around 1.3307.

EURJPY - has retraced upwards to test 118 after hitting a record low at 112.1 last week. The pair has now reached an important resistance level at 117.1, a clear break above could bring us back to the midrange level since last October at 121.5  - this will become more likely if and when the USDJPY will return to trade above 90.

The Euro was also relatively stronger than the pound on New York opening (even though the Pound has climbed back most of its fall from last week, now trading around 1.4 GBPUSD).

Z.Georgi

Related posts:

  1. Euro to a 6-week high against dollar The EURUSD is back to trade above the important psychological...
  2. Euro trading lower against the dollar after G7 meeting “Severe global slump will persist for most of 2009″ this...
  3. ECB lower than expected rate cut boosts Euro Instead of the expected 0.5 basis points slash in interest...
  4. spite stock markets rally, dollar moves higher Usually when wall street closes so deep in the green,...
  5. Dollar slightly lower ahead of expected rate cuts Two interest rate announcements  will take place  today, First ,...

This post was written by:

Basil Fayadh - who has written 167 posts on eToro Blog.


Comments are closed.