EUR/USD - 1.3620 Daily Market Outlook - Feb 22

By IBTimes Staff Reporter | February 22 2010 3:29 AM

Despite last week's selloff to a 9-month low of 1.3443 on Friday, subsequent rebound suggests recent decline has formed a temporary low there, consolidation with upside bias would be seen and above 1.3655 would bring stronger retracement to 1.3730, however, reckon 1.3815/20 should cap upside and yield selloff later. On the downside, only below 1.3546 would signal the correction from 1.3443 is over and bring weakness to 1.3484 first.

Sponsorship Link

Eurozone Reports Increased Trade Surplus

Eurozone Reports Increased Trade Surplus

Eurozone GDP Puts Euro Under Pressure

Eurozone GDP Puts Euro Under Pressure

ZEW Results Weigh on Euro

ZEW Results Weigh on Euro

EU Confidence Could Be the Financial Crisis' Worst Casualty

EU Confidence Could Be the Financial Crisis' Worst Casualty

In Depth

Warped Magazine Editing Fee: Pay-To-Play ‘Scam’ Targeting Unwitting Punk Bands, According To Facebook And Reddit Users

Punk Bands: Would You Pay $45 To Be In A Mag You’ve Never Heard Of?

Borrowing To Buy: How Much Do Americans Owe?

Borrowing To Buy: How Much Do Americans Owe?

The West Bank Wall: What Life Is Like For Palestinians And Israelis Divided By The Barrier

Life For Palestinians And Israelis Divided By West Bank Wall

Journeys In Jaffna, Sri Lanka, 4 Years After The Civil War’s Bloody Conclusion

Inside Northern Sri Lanka 4 Years After Civil War

web counter