Tuesday, April 12, 2011

Supported By Expectations Of Further ECB Interest Rate

Euro currency started the week well-supported by expectations of further ECB interest rate rise in the midst of a successful commodity prices stay at high levels, resulting in Euros rallied from 1.4020 late March lows resumed at level 1.4285 level and continues again up to the highest point 14 -month level in the range of 1.4485. Currency Pairs tend to seek support at level 1.4408 and resistance at level 1.4472.

Today is Tuesday, 12 - 04-2011 Price EUR/USD opened at level 1.4436

Resistance 3: 1.4536
Resistance 2: 1.4510
Resistance 1: 1.4472

Pivot Point: 1.4446

Support 1: 1.4408
Support 2: 1.4382
Support 3: 1.4344

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