Monday, June 28, 2010

EUR/USD falls to 1.2309, fresh daily low


Forex Special The Euro fell to 1.2309 after the opening bell at Wall Street reaching a fresh daily low against the Dollar. The pair extended its decline after being unable to break above 1.2400 during the Asian session. The recovery from the new lows has been capped so far by the 1.2335 zone. 

Currently trades at 1.2324/30, 0.39% below today’s opening price. 

“Holding 1.2252, 25 June higher low, keeps near-term bulls in play for possible attempt towards 1.2429, and key 1.2468, break of which is needed to resume recovery off 1.1875”, Slobodan Drvenica, analyst at Windsor Brokers Ltd said. 

According to Drvenica if the pair losses the 1.2252 zone, it could fall further to 1.2208. 

EUR/USD (Jun 28 at 17:59 GMT)

1.2316/17 (-0.46%)

H 1.2399 L 1.231

S3S2S1R1R2R3
1.22641.22951.23261.23381.23691.2400
[?]Trend Index[?]OB/OS Index
Slightly BearishNeutral
Data updated on Jun 28 at 15:48 (15-minute timeframe)

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