EUR/USD edges higher as market players pare back shorts heading into the weekend. The pair will need to close back over $1.2965/70, the lows seen Dec (old support/now resistance) for any kind of upward momentum to be seen, traders say. In the bigger picture, the euro will need to again vault its 200-day moving average, in place at $1.3076 Friday. For now, traders are content to sell any larger euro rallies. The euro has fallen 3.9% from peak to trough ($1.3433 Jan 4 to Fri lows) in 2011 so far.
© 2000-2023. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Japan and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at email@example.com.