日本語
Español
中文
Русский 
EUR/USD: The Euro dives further on Trichet's speech
Thu, Oct 2 2008, 15:06 GMT
http://www.fxstreet.com
FXstreet.com (Barcelona) – The Euro has dropped to a year low after the ECB decided to hold rates, the ActionForex technical team advances further decline: “EUR/USD's break of 1.3851 key medium term support indicates that whole decline from 1.6038 should have resumed. At this point, intraday bias remains on the downside as long as 1.3936 minor resistance holds. Further decline is expected to 61.8% projection of 1.6038 to 1.3881 from 1.4867 at 1.3543 next.”
On the upside, the ActionForex team forecasts: “On the upside, above 1.3936 will indicate that a short term bottom might be formed and bring consolidation. But recovery should be limited well below 1.4574 resistance and bring fall resumption.”
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Breaking Forex News
BOE: Credit, Asset Prices Could Guide Macroprudential Rules
Dow Jones | Sat, Nov 21 2009, 00:21 GMT
Wall Street ends Friday in negative; Dollar with gains
FXstreet.com | Fri, Nov 20 2009, 22:14 GMT
2nd UPDATE: Cigna 'Going Global' As Part Of Repositioning
Dow Jones | Fri, Nov 20 2009, 22:06 GMT
Argentina Bonds Ease Amid Confirmation Of Dec Or Jan Swap
Dow Jones | Fri, Nov 20 2009, 21:41 GMT
Peru's Main Stock Indexes End Mixed; Sol Weakens Slightly
Dow Jones | Fri, Nov 20 2009, 21:36 GMT
Latest Updated Reports
The Trading Week - The Trading Week: Nov. 23 - Nov. 27 by AllThingsForex
Sat, Nov 21 2009, 16:33 GMT
Gold Weekly Technical Outlook by Oil N' Gold
Sat, Nov 21 2009, 08:19 GMT
Long Term Forex Analysis - USDCHF is in range trading between 1.0032 and 1.0337 by ForexCycle.com
Sat, Nov 21 2009, 05:11 GMT
Forex Technical Report - S&P and NASDAQ Post Weekly Reversal Tops by ForexHound.com
Sat, Nov 21 2009, 00:02 GMT
Forex Technical Report - Dollar Closes Higher for Week against a Basket of Currencies by ForexHound.com
Fri, Nov 20 2009, 23:59 GMT
