Connect with us

Forex

EUR / USD Resistance Level at 1.30 Standing Tall

The last 48 hours has seen the Euro enjoy a sojourn above the key level at 1.30 before being forced back again with excessive supply.

Boris Sullivan

Published

on

Debt Crisis Long-Term Stability Strategies

The last 48 hours has seen the Euro enjoy a sojourn above the key level at 1.30 before being forced back again with excessive supply. Over the last week or so, the 1.29 level has been providing strong support and stopping the Euro’s price decline, and the last 48 hours has seen the Euro jump up from this level towards 1.30.

Loading...

Looking at the bigger picture, the last few weeks has seen the Euro meet significant selling pressure near the resistance level around 1.3160 and move away steadily.

Should the Euro fall through the 1.29 level, there is a reasonable chance that the longer term support level at 1.28 will be called upon. Since the Euro broke through 1.30 last week, the 1.29 has become a factor and showed solid support, after having done so previously a few weeks ago. The 1.28 level still looms large and remains a significant level and the Euro is likely to test this level again should it break through the present support level at 1.29. (Daily chart / 4 hourly chart below)

via EUR / USD – The Resistance Level at 1.30 Standing Tall | OANDA Forex Blog.

Comments

Forex

Leverage from Forex Brokers & How Beginners Can Benefit from It

In this post, we will tell you what to look for when choosing a broker in order not to fall into a financial trap and how to benefit from dealing with such companies.

Pr News

Published

on

Recent statistics show that the number of people willing to invest in the stock market is steadily growing from year to year.

Loading...
(more…)

Continue Reading

Forex

How to Trade the EUR/USD Currency Pair: Professional Tips

The behaviour of the EUR/USD pair is a kind of indicator showing the comparative condition of the US and EU economies. If the US economy steadily grows, and problems arise in the EU, the EUR/USD decreases.

Pr News

Published

on

EUR/USD is one of the most popular currency pairs for Forex trading. Since the beginning of trading in 1999, the currency pair has undergone significant changes. For the first two years, the future for the euro was uncertain and the quotation was declining, reaching a minimum of 0.8200.

Loading...
(more…)

Continue Reading

Forex

What is Forex Trading and how it works?

Why do the investors choose Forex trading? Forex trading is traded by currency pairs. This is because all currency trading must be done in pairs, which is different from the stock market.

Pr News

Published

on

Forex trading is a strategy for traders to exchange one currency with another. The Forex market is considered as the largest global financial market where people can trade 24 hours in 5 working days. When you want to trade Forex, you always trade currency pairs.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,079 other subscribers

Latest

Trending