EUR/USD holds above 1.4700 as markets end mostly up in the U.S.

Tue, Nov 3 2009, 21:36 GMT
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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.

EUR/USD

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