7 sep 2009
The euro gained against its American counterpart in yesterday ' s Asian session, while the pound fell. The USDIX declined recording a low of 78. 04 and a high of 78. 15.
The euro dollar team inclined recording a high of 1. 4336 and a low of 1. 4317, having the union currency trading around 1. 4335. Last stint the brace breached the 1. 4300 resistance alongside the pessimistic fundamentals showed unemployment in the U. S reached 9. 7 % pressuring the dollar and giving a chance for the euro to advantage. The duo is having a resistance at 1. 4360 and a column at 1. 4300. If the span breached the resistance perceptible will target 1. 4400 levels. The team is trading in an overbought area according to the four hours pains indicators.
View the pound dollar team, factual fell recording a low of 1. 6364 and a high of 1. 6414, having the no bother currency trading around 1. 6375. The couple stone broke the 1. 6400 back plain to the downside that may factor followed by fresh declines. The duo is having a post at 1. 6350 along bury a resistance at 1. 6420. However the team is trading in an overbought area according to the daily stochastic oscillator.
Finally, the dollar hankering couple is consolidating between 93. 20 and 92. 90 recording a high of 93. 18 and a low of 92. 92. Today the couple is having a substratum at 92. 85 along screen a resistance at 93. 30. The stochastic oscillator is supporting the upside, and if the resistance was breached we may recognize the pair trading in the 93. 70 levels.
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