Forex: EUR/USD: Euro fails to break above 1.4900

06 November 2009 @ 06:33 am EDT

FXstreet.com (Barcelona) - On a very low volume session, ahead of U.S. nion -farm payrolls, the Euro has been trying to break above 1.4900 area, but after reaching 1.4905 high, the pair has eased to levels around 1.4870 at the moment of writing.

The Swiss e Trade Strategy Team doubts about the pair's possibilities to break 1.4900 today: "The euro is trying hard to break the 1.4900 resistance level, currently trading slightly below at 1.4895 this European morning. We see that resistance not being broken in today's trading, and rather anticipate a downmove to come, to levels around 1.4800."

Resistance levels lie at 1.4900 andf above here, 1.4915 (Nov 5 high) and 1.4925 (Oct 27 high). On the downside, support levels lie at 1.4865/70, and below here, 1.4835/40 and 1.4805.

.

Copyright 2008 FOREXSTREET S.L, All rights reserved

E-Newsletters

We value your privacy. Your email address will not be shared.

Home
World
US
Economy
Companies
Tech
Science
Global Markets
Education
Real Estate
Forex
Commodities
Gold & Silver Matters
More Sections
Fashion
Auto
Travel
Health
Law
Entertainment
Sports
Luxury
Art
Books
Tech & Trend
Tools & Features
Topics
Blogs
Market Data
Stock Watch List
Investment Calculator
Financial Glossary
Broker Center
World Business Headlines
Updates
RSS Feeds
IBTimes on Twitter
IBTimes on Facebook
E-Newsletters
Services
Forex Newsfeed
Research
Press Release
About IBTimes
News Licensing
Media Kit
Advertise with Us
About IBTimes
Contact Us
Terms of Service
Privacy Policy