EURO (EUR)

The Dollar rebounded against the Euro after sinking to the lowest level since September 2008 after FED Chairman Bernanke declared that the recession is likely over led investors to sell the U.S. currency and buy riskier assets. The Dollar rebounded after investor’s concerns of economical outlook shifted their attention to low yielding assets rather than holding higher yielding assets. Overall, EUR/USD traded with a low of 1.4647 and with a high of 1.4745.

EUR/USD - Last: 1.4670 

Resistance

1.4740

1.4795

1.4830

Support

1.4645

1.4600

1.4530

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