Wednesday, April 22, 2009

Eur/USD: Still obviously held steadily

Exchange rate after North America time interval a euro/pound support the Asian city opening price nearby 1.3000 grades, the exchange rate also receives the equity accounts to meet buys up the support lowly. The market reported that uses in common cannot repay 1,000,000,000 US dollars debts after June the stock market to fall, but euro/US dollar still held nearby 1.3000 steadily, but the exchange rate builds the bottom after 1.2900 the dead end returns makes up.
A euro/US dollar resistance located at yesterday high spot 1.3038, this week the high spot 1.3075 is the further resistance, the hour chart support is located at 1.2980/85, will break this to see to aim at 1.2950/60 gaps to fill. the risk loathing mood has controlled the euro/US dollar Wednesday's trend, returned to makes up the impetus the US stock market early market bounce and the dead end, the exchange rate broke through 1.3000 integer important passes. But the spread prospect worsens, as well as the US stock market closing killed falls, enhances has taken refuge from danger the mood, has suppressed the exchange rate upward tendency. the euro/US dollar New York time interval opens nearby 1.2957, under after the early market exchange rate searches 1.2910, stands firmly the rise. Afterward, is returned to makes up the impetus the dead end, the exchange rate broke through 1.3000 integer important passes, rises to time interval new high 1.3036.
Noon the plate, the exchange rate returns from this high spot removes stands firmly to 1.2990. The closing, the exchange rate two times traces high 1.3036 to hit an obstruction recedes, afterward returns removes continues the narrow reorganization to 1.3000 integer levels, and until closing. the euro opens on Wednesday in 1.2949, in Japan the respected opinion 1.3036, sees 1.2889 lowly, the oscillation amplitude reaches 147 spots, receives finally in 1.2996, compares the closing price to rise 52 points on Tuesday, the increase scope 0.41%. euro/US dollar breaks through upwardly by might and main, hour chart 5 the daily average hairs breadth is located at 1.3050 in 1.3028,55 daily average hairs breadths in 1.3027,11 Zhou Junxian, the US stock market small scale rises as if provides the support for the exchange rate. The exchange rate recent high spot and the low point 1.3735/1.2458 50% chapter of files are located at 1.3245 located at 1.3090,61.8% chapter of files located at 1.2945,38.2% chapter of files, but the anticipated exchange rate will not have the too big change recently, will hold in the near future possibly guarantees the advantage in the hour chart to add on steadily the channel the axle above 1.3020/55.

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