It appears that there is not the expected confidence in the market regarding the American economic rescue plan. American and eagerly awaiting what will happen. Resistance is expected in the area of 1.8500, and a reversal may happen. There were sovereign agents interested in the EURO and GBP, with an improvement. Many traders took profits. The pair finished on 1.8500 and is expected to close higher end of the month. No Posts for Monday EURO / USD Daily Resistance 3: 1.4840 Resistance 2: 1.4800/10 Resistance 1: 1.4770/80 New York: 1.4612 Support 1: 1.4560 Support 2: 1.4520/30 Support 3: 1.4480 Comments The pair followed the LIBRA . The pair is at a level that requires further definition. The level of support appears to be in the area of 1.4330.
The pair is strong, despite the uncertainty in the market. Apparently the pair is trading technically. The market seems to be corrected. It looks more volatile, it is estimated that the pair closed on the rise towards the end of the week. If the pair closes at 1.4700 at the end of the week, many traders were short will be nervous, if the pair reaches the zone of 1.4300, would be a great buying opportunity, to go long. By Monday no publications for more information please access to foreign currency trading (FOREX) involves the existence of losses due to the risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors.
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