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Monday, November 23, 2009

EUR/USD: Euro rallies past 1.4945/50 area

Euro has recovered its position in market. Euro recovery from Friday's low at 1.4800, has extended with a 100 pips rally during Asian session, reaching levels around past 1.4950 at the moment of writing; 0.65% above its day opening price.

At the moment, the Euro could find resistance at 1.4965 (Nov 19 high), and above here, 1.4990 (Nov 18 high) and 1.5015 (Nov 16 high). On the downside, support levels are 1.4910/15, and below here, 1.4875/80 and 1.4830.

EUR/GBP has continued crawling higher during Asian session, extending upleg from 0.8835 low on November 17 to 0.9040 session high on Monday. Resistance levels are 0.9060 and 0.9120. Support levels are 0.8980 and 0.8930

It was all about position of EURO today. And trend index is slightly bullish today.

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