by Tue, 27 Apr 2010 05:09:00 +0200
Forex: EUR/USD - Euro is falling against the Dollar after a brief recovery
FXstreet.com (Córdoba) - The European currency has lost strength and is retreating from daily highs. EUR/USD has given away around 20 pips and fell from 1.3390 to the 1.3370 area during the last hours. Currently the pair is trading at 1.3372, just 4 pips above its opening price.
“Below 1.3370 may risk stronger retracement of early rise from 1.3201 toward 1.3347/50 before rebound”, said the AceTrader Team
According to the team, support levels are at 1.3370, 1.3347 and 1.3291, while on the upside resistance levels are at 1.3389, 1.3417 and 1.3447.
| Technical Analysis (2010-04-27 03:03 GMT) | |
|---|---|
EUR/USD 1.3373/1.3376 - O: 1.3373 H: 1.3375 L: 1.337 C: 1.3373 | |
| Trend | R3: 1.3442 |
 | R2: 1.3408 |
| R1: 1.3375 | |
| S1: 1.3300 | |
| S2: 1.3334 | |
| S3: 1.3367 | |
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