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Day: May 14, 2011
May 142011
Forex Technical Analysis for Week 05/16—05/20
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3599 1.3832 1.3974 1.4207 1.4349 1.4582 1.4724 GBP/USD 1.5684 1.5915 1.6054 1.6285 1.6424 1.6655 1.6794 USD/JPY 78.99 79.57 80.17 80.75 81.35 81.93 82.53 EUR/JPY 109.34 111.42 112.73 114.81 116.12 118.20 119.51 GBP/JPY 125.60 127.93 129.37 131.70 133.14 […]
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May 142011
Euro at Six-Week Low vs. Dollar
The euro slumped during this week, falling to the lowest level in six weeks against the US dollar, as Greece and its debt returned to the forefront of news and discussions, making speculators unwilling to invest in the shared European currency. The theme of the Greek debt is again in newswires, worsening market sentiment and making investors stick to safer currencies, and the euro suffered because of it. The currency attempted to slow its drop on Tuesday and Thursday on anticipation of an interest rates […]
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