by Sun, 06 Jun 2010 23:49:00 +0200
Forex: EUR/USD opens lower, reaches fresh 4-year low
FXstreet.com (Córdoba) - The Euro opened the week lower at 1.1927, almost 40 pips below its Friday's closing price. The downside opening gap led the pair to post a fresh low at 1.1926, not seen since March 13th 2006.
Risk aversion intensified on Friday amid disappoints over the US employment report and concerns over the European debt crisis. The sentiment seems to have extended to the pre-market trading and the Euro remains under pressure.
The price has picked up a little, and EUR/USD is currently trading close to the 1.1950 zone, 0.18% above its opening price.
| Technical Analysis (2010-06-06 21:43 GMT) | |
|---|---|
EUR/USD 1.1942/1.1945 - O: 1.1933 H: 1.1944 L: 1.1933 C: 1.1942 | |
| Trend | R3: 1.1997 |
 | R2: 1.1967 |
| R1: 1.1937 | |
| S1: 1.1871 | |
| S2: 1.1901 | |
| S3: 1.1931 | |
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