Euro sell off seen on Monday and Tuesday has found support at fresh 4-month low 1.3835, to bounce up as fears about a massive debt contagion in the Euro Area ebb, regaining 1.4000 level during Asian session, to extend gains in Europe, reaching day highs at 1.4090.
On the upside, if the Euro manages to hold above 1.4055/60, next resistance levels would be at 1.4180 (broken trendline support), and above here, 1.4230 (Jul 11 high).
On the downside, support levels are 1.3950 (day low), and below here, 1.3900 (intra-day level) and 1.3835 (Jul 12 low).
No comments:
Post a Comment