by Mon, 05 Apr 2010 23:55:00 +0200
Forex: EUR/USD finds support at 1.3470
FXstreet.com (Córdoba) – The Euro found support around the 1.3470 zone against the Dollar in the last hours. EUR/USD failed on Monday to consolidate above 1.3500 and to the downside was rejected from levels below 1.3460. The pair has been steady in the last hours moving between 1.3490 and 1.3470.
To the downside support levels lie at 1.3460 (April 1 / 5 low) and below at 1.3435/30. To the upside resistance levels could be located at 1.3540 (April 5 high) and above at 1.3560/70.
Against the Canadian Dollar, the Euro fell to new multi-month lows. EUR/CAD tumbled to 1.3493, the lowest price since October 7 of 2007. The pair continues to move with a downside bias and has fallen in the last three sessions accumulating a decline of 220 pips.
| Technical Analysis (2010-04-05 21:48 GMT) | |
|---|---|
EUR/USD 1.3485/1.3488 - O: 1.3485 H: 1.3488 L: 1.3482 C: 1.3485 | |
| Trend | R3: 1.3554 |
 | R2: 1.3520 |
| R1: 1.3486 | |
| S1: 1.3409 | |
| S2: 1.3443 | |
| S3: 1.3476 | |
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