Market news

21 February 2011

Tech on EUR/USD

Resistance 3: $ 1.3860 (Feb 2 high)
Resistance 2: $ 1.3740 (Feb high)
Resistance 1: $ 1.3715 (session high, Feb 18 high)
Current price: $1.3667
Support 1 : $1.3660 (session low)
Support 2 : $1.3590 (support line from Feb 16)
Support 3 : $1.3540 (Feb 18 low)
Comments: the pair decreased. The nearest support $1.3660. Below decrease is  possible to $1.3590. The nearest resistance $1.3715. Above growth is possible  to $1,3740.

Market Focus
  • Swiss government raises 2019 GDP growth forecast to 0.9% from 0.8% previously
  • Fed keeps rates on hold, points to 'favourable' economic outlook next year
  • German consumer price growth stabilised in November
  • French consumer prices rose by 0.1% in November, as expected

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