Thu, 14 Apr 2011 23:26:00 +0200

Forex: EUR/USD ends day higher, still unable to break 1.4520

FXstreet.com (Córdoba) – The Euro finished the day higher against the Dollar after rising sharply during the American session. The EUR/USD tumbled on European hours to 1.4365 amid Greece debt concerns and managed to recover strongly during the American session supported by Dollar weakness across the board and some improvement in market sentiment.

Despite rising and ending the day far from the lows, the EUR/USD is still unable to break above 1.4520. The mention level capped the upside in the last three trading days. Also the Euro is facing difficulties to sustain above 1.4500. On Thursday the pair, once again, finished below the 1.4500 line.

According to the FXMarket Alerts Team support levels lie at 1.4400 (intraday level); 1.4350 (06 Apr high); 1.4310 (intraday level); 1.4289 (08 Apr low) and 1.4200 while resistance is located at 1.4485/90 (intraday level); 1.4500; 1.4515 (hourly high); 1.4520 (13 Apr high) and 1.4545/50 (projection).

Technical Analysis (2011-04-14 21:00 GMT)
EUR/USD 1.4486/1.4488 - O: 1.4453 H: 1.4459 L: 1.4451 C: 1.4456
Trend	R3: 1.4565
	R2: 1.4529
	R1: 1.4492
	S1: 1.4417
	S2: 1.4453
	S3: 1.4490