EUR/USD currency pair made an impressive increase last night, by more than 2% following encouraging news. Last week I wrote that short-term pair reaches -1.4200 dollars; you can see the pair reached the target fully. Now the positive momentum should be maintained at least until 1.4550 dollars. Below you can expect an easy fix ups after that impressive 'campaign'. Technical-wise, Euro reached -1.4248 dollars, 78.6% Fibonacci correction wave in his last falling. Now you can collect the currency thus buying futures -1.4105 dollars, first target is 1.4340 dollars, other target 1.4550 dollars, the level of stop loss at -1.3880 dollars. Levels of support are -1.3955 & 1.4060 dollars.
EURCHF
EURCHF: The European currency seems to overcome difficulties & obstacles thus showing a considerable demand for it. In the short term the euro is expected to continue rising against most currencies as investors flee haven currencies like the Swiss franc and that can support further increases in euros. The pair traded at the technical range of 450 points since the intervention of the Swiss bank thus approaches the lower limit, a comfortable entrance level to Long (Buy). Merchants who are interested in buying the currency can make a purchase at 1.2115 francs to the euro future-wise. The goal is at 1.2480 francs to the euro. The stops can be placed under the strong recession-level in the euro franc -1.20.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Daily Market Analysis
Published 10/28/2011, 06:11 AM
Updated 03/09/2019, 08:30 AM
Daily Market Analysis
EURUSD
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.