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Reply #48: Forex: EUR/USD breaks below 1.4300 [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 09:37 AM
Response to Reply #3
48. Forex: EUR/USD breaks below 1.4300
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=7ab7e161-b9b2-4cbb-9e52-3def6d4a306f

FXstreet.com (Barcelona) - Euro recovery from Friday's lows at 1.4315 has been capped at 1.4440 high, and the pair has given away gains after Standard & Poor's downgraded Greece's sovereign debt rating, breaking below 1.4300/15 support area, to reach fresh 3-week lows at 1.4270.

On the downside, below 1.4270 day low, the pair might find support at 1.4200 (April 18 low) and 1.4155 (April 17 low). On the upside, resistance levels lie at 1.4440 (day high), and above here, 1.4490/00 (April 25 low/intra-day level), and above here, 1.4635 (Apr 27 high).
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