EUR/USD holds above 1.4700 as markets end mostly up in the U.S.
03 Nov, 2009 @ 04:36 pm ET | written by FXStreet
FXstreet.com (Córdoba) - Wall Street ended mostly up Tuesday with the Dow Jones losing 0.18% and the Nasdaq rising 0.40% and the S&P500 up 0.24%. Gold trades near record highs at 1,085 an ounce. EUR/USD is holding above 1.4700.
The ecPulse.com analysis team affirms: "The U.S stocks fluctuated throughout the closing session despite the plummet of the technology shares as the billionaire investor; Warren Buffet's Berkshire Hathaway Inc agreed on buying the Burlington Northern Santa Fe Corp for $26 billion, a deal is forecasted to close by the first quarter of 2010, whereas Stanley Work is planning to take over Black & Decker Corp."
The Euro rallied to the upside and found resistance at 1.4730. EUR/USD then pulled back to the 1.4700 zone. Currently trades at 1.4715/20, 0.40% below today's opening price. Despite falling in a daily basis against the Dollar, the Euro managed to recover after the pair broke an important support at 1.4680.
.
Copyright 2008 FOREXSTREET S.L, All rights reserved
Related Articles:
- Forex: USD/JPY below 90.00 Nov 23, 09
- Forex: Yen falls against European currencies Nov 23, 09
- EUR/USD Current Price: 1.4964 Nov 23, 09
- Pound trapped around 1.6600 Nov 23, 09
Sponsored Articles:
- Are These 4 Emotional Pitfalls Sabotaging Your Trading? Nov 12, 2009 4:46PM
- Q&A With Robert Prechter: Why Technical Analysis Beats Out Fundamental Analysis Nov 12, 2009 4:43PM
- Finance's Euphoria: The Epilogue - What Record High Dollar Volume of Trading Says About Confidence Nov 06, 2009 4:32PM


US
UK
Chinese
Japanese
Hong Kong
Spanish
Deutsch
Portuguese
Korean
French
Russian



RSS Most read
Australia
Canada
EMU
Japan
Swiss
England
US

