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Day: April 9, 2011
April 92011
Euro Spurred by ECB Rates Hike This Week
The euro fluctuated this week, behaving differently against different currencies, but by the end of the week the currency surged as the European Central Bank increased its main interest rate. Still, the shared European currency posted weekly losses against some stronger currencies. The anticipated raise of the interest rates occurred and that boosted the euro in the near-term. In the longer-term doubts about ability of the European economy to survive with higher borrowing costs remain. It’s […]
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April 92011
Forex Technical Analysis for Week 04/11—04/15
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3924 1.4038 1.4260 1.4374 1.4596 1.4710 1.4932 GBP/USD 1.5836 1.5964 1.6172 1.6300 1.6508 1.6636 1.6844 USD/JPY 82.21 83.02 83.88 84.69 85.55 86.36 87.22 EUR/JPY 116.34 117.75 120.24 121.65 124.14 125.55 128.04 GBP/JPY 131.13 133.15 135.97 137.99 140.81 […]
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