ForexGen Offers Headline

Tuesday, January 5, 2010

EUR/USD is Consolidating Between 1.4450 And 1.4400

The euro/US dollar pair is consolidating between 1.4450 and 1.4400 recording a high of 1.4442 and a low of 1.4405, having the 16 nation's currency trading around 1.4435.

The pair is in an attempt to breach the resistance level of 1.4460 from where it shall climb further to the 1.4540, and the stochastic oscillator on the daily charts is supporting the upside.

However, the pair is having a support at 1.4375.

No comments:

Post a Comment