Friday, April 8, 2011

The Single Currency Euro Stumbled

The single currency Euro stumbled perched at the highest level after 2 years and a loose monetary policy to stimulate the economy, the ECB decided to raise interest or known as the term is the normalization of monetary policy. Currency Pairs tend to seek support at level 1.4239 and resistance at level 1.4369.

Today is Friday, 8 - 04-2011 Price EUR/USD opened at level 1.4308

Resistance 3: 1.4499
Resistance 2: 1.4436
Resistance 1: 1.4369

Pivot Point: 1.4306

Support 1: 1.4239
Support 2: 1.4176
Support 3: 1.4109

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