Thursday, April 7, 2011

German Manufacturing Orders Data Better Than The Market Expected

German manufacturing orders data better than the market expected, 2.4% vs 0.5%, giving support to the strengthening euro. Moreover, the market also erekspektasi that the European central bank interest rate will be increased this day - Thursday by 25 basis points. These currency pairs tend to seek support at level 1.4243 and resistance at level 1.4385.

Today is Thursday, 7 - 04-2011 Price EUR/USD opened at level 1.4330

Resistance 3: 1.4527
Resistance 2: 1.4438
Resistance 1: 1.4385

Pivot Point: 1.4296

Support 1: 1.4243
Support 2: 1.4154
Support 3: 1.4101

No comments:

Post a Comment

Silakkan beri komentar tapi jangan SPAM yaa...