Forex: EUR/USD breaks 1.3335

Tuesday, May 5, 2009

Dollar got stronger against the euro since the opening bell in Wall Street. Recently broke support zone at 1.3335 and fell to 1.3318 (new intra-day low). Now EUR/USD is trying to get back above 1.3335. So far the pair is down 0.60% for the day. Next support level is located at 1.3300. 

This move came after the Treasury of the U.S. sold $35 billion in 3-year notes to yield 1.473% matching last month record amount. Ten years note remain up after the auction. A few hours ago Ben Bernanke told that he sees a growing economy by the end of the year. Those words where not enough to lift the markets: major index are down around 1%. 

0 comments:

 
Forex Online Resource. Design by The Online Helper