Here is a summary of all technical indicators and forex summarizing a glance the status of major currencies exchange market for the day 04/04/2011.
And especially do not forget to place your orders!
Good trades to all.
EUR/USD
The last week has been positive for the euro, after recording a low of 1.4020 last Monday, has appreciated until Friday. The highest weekly was reached Friday with a EUR / USD 1.4245. The high pressure always latent in Portugal and Ireland have failed to affect the single currency, market participants are focusing more on a possible rise in interest rates this week. On Monday, we maintain a bullish view for the euro against the dollar, with the significant resistance of 1.4295 in the first line of sight. Any return on technical support 1.4150 is liable to offer a good buying opportunity.
USD/JPY
The yen has continued to lose ground against the greenback last week, from 81.33 to 84.72, the highest since six months. The dollar was well supported, mainly Friday by the positive employment figures. To the euro, the yen has also suffered from touching 119.40, the highest for almost a year. The American economy is doing better, and for this reason the yen has been somewhat abused. The the yen falling is expected to continue in the coming days. The USD / JPY is expected over 85.00, with the 85.40 resistance point. The support is set at 83.20. The EUR / JPY should range between 118.00 and 122.00.
And especially do not forget to place your orders!
Good trades to all.
EUR/USD
The last week has been positive for the euro, after recording a low of 1.4020 last Monday, has appreciated until Friday. The highest weekly was reached Friday with a EUR / USD 1.4245. The high pressure always latent in Portugal and Ireland have failed to affect the single currency, market participants are focusing more on a possible rise in interest rates this week. On Monday, we maintain a bullish view for the euro against the dollar, with the significant resistance of 1.4295 in the first line of sight. Any return on technical support 1.4150 is liable to offer a good buying opportunity.
USD/JPY
The yen has continued to lose ground against the greenback last week, from 81.33 to 84.72, the highest since six months. The dollar was well supported, mainly Friday by the positive employment figures. To the euro, the yen has also suffered from touching 119.40, the highest for almost a year. The American economy is doing better, and for this reason the yen has been somewhat abused. The the yen falling is expected to continue in the coming days. The USD / JPY is expected over 85.00, with the 85.40 resistance point. The support is set at 83.20. The EUR / JPY should range between 118.00 and 122.00.
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