Greek troubles remain, EUR/USD Strengthens
01/26/2012 in EURO, Trading, Trading Forex
Open 1.3110 High 1.3120 Low 1.2929 Close 1.3105
On Wednesday, 25th January, 2012 Euro/Dollar increased significantly with 190 pips. The Euro appreciated from 1.2929 to 1.3120, matching the positive Interbank sentiment projection at almost +10%.
A break above the resistance and yesterday’s top at 1.3120 may trigger further strengthening of the Euro. Going bellow yesterday’s low at 1.2929, would confirm continuation of the bearish trend, towards 1.2818.
Today’s focus is on France and Italy Consumer confidence, at 7:45 and 9 GMT respectively.
Technical resistance: 1.3120 1.3237 1.3360
Technical support: 1.2929 1.2818 1.2700
Trading range: 1.2995 – 1.3170
Trend: Upward
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