Forex: EUR/USD: Euro reaches intra-day high at 1.3380 after ECB monetary policy decision

Friday, May 8, 2009

The Euro has reached a new intra-day high at 1.3380 after the ECB released its monetary policy decision, from levels around 1.3300 moment before the Bank´s release.

If the Euuro manages to hold above 1.3375 (May 6 high), next resistance level might lie at 1.3435 (May 5 high) and 1.3460/65. On the downside, support levels might be at previous intra-day high 1.3345 and below there, 1.3290/1.3300 and 1.3255/45 (intra-day low/may 6 low).

EUR/JPY has rally from 130.70 has extended after ECB decision to levels right below 132.80/90, May 4 and 5 high. Resistance levels lie at the mentioned 132.80/90, and above there, 134.33. Support levels lie at 132.40 and 132.00.

0 comments:

 
Forex Online Resource. Design by The Online Helper