Euro 1.3250 entrenched in the Lower Level. EUR / USD traded at 1.3232, below the high level this week at 1.3255. The euro rose 0.32% from Monday's closing level. The strengthening of the euro was also helped by a weaker dollar against the yen, strengthening oil prices are above the level of the past nine weeks high above $ 90. Nikkei index rose +0.88% and is above the level of 10 300 post-tsunami tragedy with all the positive moves the local market.
"With the correction that occurred after touching the support level at 1.3156, prices continued to move up and pushed up high in the 1.3254 level. Strong resistance level at 1.3308, clearly FXMarketAlerts team. The market's focus shifted to the "fiscal cliff 'U.S. President Obama's return from Hawaii and is scheduled to hold a meeting today Thursday (27/12).
Nearest resistance level of EUR / USD at a high level range Wednesday at 1.3255, and a high level at 1.3284 May 1, and December 19 at the high level of 1.3308. While the level of support at 1.3289, Friday's low and level at 1.3158.
Top Euro 1.3200 Movement Still Saving Potential Correction
Although it still lacks volume and risk evasion action sidelines movements of financial markets, the euro managed to achieve gains against the U.S. dollar and was ready to close the U.S. session above 1.3200. Currently, the euro was trading at 1.3234, still up over 0.4% today.
From the technical side, resistance is close, it will probably be found near the area of 1.3253 (daily high), 1.3295 (Dec. 20 high) and 1.3307 (Dec. 29 high). While the range of support recorded at 1.3170 (daily low), 1.3155 (Dec. 18 low) and 1.3100 (psychological level). There is still no information or news that has a significant impact towards the end of this year but the price seems still more likely to get support buying when the price reaches 1.2315/16 low. The penetration of short-term sell-off may be pushing the euro to about 1.3190/1.3200.
Year-End Adjustments Sustaining Euro
The euro was able to hold above $ 1.32 against the U.S. dollar on Wednesday as widespread position adjustments towards the end of the year, with investors continuing to reduce short euro positions. There is no fundamental catalysts that affect the movement of Euro this time. While some traders assess if the surge in euro / yen to 16-month highs has encouraged the strengthening of the Euro against other currencies, including the dollar versus the U.S.. Trading volume remained thin with most of the world's major financial markets still closed for the Christmas holiday.
"With the correction that occurred after touching the support level at 1.3156, prices continued to move up and pushed up high in the 1.3254 level. Strong resistance level at 1.3308, clearly FXMarketAlerts team. The market's focus shifted to the "fiscal cliff 'U.S. President Obama's return from Hawaii and is scheduled to hold a meeting today Thursday (27/12).
Nearest resistance level of EUR / USD at a high level range Wednesday at 1.3255, and a high level at 1.3284 May 1, and December 19 at the high level of 1.3308. While the level of support at 1.3289, Friday's low and level at 1.3158.
Top Euro 1.3200 Movement Still Saving Potential Correction
Although it still lacks volume and risk evasion action sidelines movements of financial markets, the euro managed to achieve gains against the U.S. dollar and was ready to close the U.S. session above 1.3200. Currently, the euro was trading at 1.3234, still up over 0.4% today.
From the technical side, resistance is close, it will probably be found near the area of 1.3253 (daily high), 1.3295 (Dec. 20 high) and 1.3307 (Dec. 29 high). While the range of support recorded at 1.3170 (daily low), 1.3155 (Dec. 18 low) and 1.3100 (psychological level). There is still no information or news that has a significant impact towards the end of this year but the price seems still more likely to get support buying when the price reaches 1.2315/16 low. The penetration of short-term sell-off may be pushing the euro to about 1.3190/1.3200.
Year-End Adjustments Sustaining Euro
The euro was able to hold above $ 1.32 against the U.S. dollar on Wednesday as widespread position adjustments towards the end of the year, with investors continuing to reduce short euro positions. There is no fundamental catalysts that affect the movement of Euro this time. While some traders assess if the surge in euro / yen to 16-month highs has encouraged the strengthening of the Euro against other currencies, including the dollar versus the U.S.. Trading volume remained thin with most of the world's major financial markets still closed for the Christmas holiday.
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