Tuesday, June 22, 2010

Euro loses ground against its European competitors


The Euro continues under pressure as Asian stock markets are in red today, with Nikkei 1.7% down, and risk aversion intensifies across the board. 

The Euro keeps losing ground against the Swissy and recently EUR/CHF posted a fresh all time low below 1.3600; the European currency hit 1.3584 before picking up to the 1.3600 area where it is currently hovering.

EUR/GBP also fell further and reached a fresh low at 0.8269, not seen since June 11th. Currently the pair trades close to daily lows at 0.8270, 0.13% below Wednesday’s opening price. To the downside support levels lie at 0.8260 and 0.8210. Resistance levels could be located at 0.8285, 0.8325 and above at 0.8380.

EUR/GBP (Jun 23 at 08:34 GMT)

0.8276/78 (-0.06%)

H 0.82895 L 0.8267

S3S2S1R1R2R3
0.82280.82480.82690.82780.82990.8319
[?]Trend Index[?]OB/OS Index
Strongly BearishNeutral
Data updated on Jun 23 at 06:28 (15-minute timeframe)

Stumble
Delicious
Technorati
Twitter
Digg
Facebook
Reddit

Enter your email address:

Delivered by Dollars Trade

Followers

Recent Posts

 

Forex Special Copyright © 2010 Dollars Trade is Designed by Mian Asad Ali