More from FXstreet.com

Forex: EUR/USD regains 1.3300

By FXstreet.com,  January 03, 2011, 07:06:00 AM EDT

FXstreet.com (Barcelona) - Euro pullback from last week's high at 1.3425 extended on Asian and early European session to 1.3250 low, where the pair found support to pick up favoured by a strong year opening on equity markets. and the Euro regained 1.3300 level to reach 1.3325 area.

The pair is struggling against the 50-hour SMA at 1.3320/25 at the moment, with next resistance levels, above here, at 1.3365 (session high), and 1.3425 (Dec 31 high). On the downside, support levels lie at 1.3250 (session low) and below here, 1.3200/20 (intra-day level) and 1.3155/70 (Dec 27 high/intra-day resistance).

EUR/GBP retreat from 0.8650 high o Friday has found support at 0.8540 low over the Asian session, and the pair has surged during European trading returning above 0.8600 to reach session high at 0.8615 so far.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

The Politics Behind Nigeria's State of Emergency
The Politics Behind Nigeria's State...
On Location Indonesia: Selling Relatives Into Prostitution
On Location Indonesia: Selling Rela...
On Location Rio: Desperate for Treatment, Crack Addicts Turn to God
On Location Rio: Desperate for Trea...
No Quick Fix for Contaminated Rice in China
No Quick Fix for Contaminated Rice ...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.51 0.08  0.60%
RAD $ 2.80 0.01  0.36%
CSCO $ 23.94 0.30  1.24%
MSFT $ 35.06 0.19  0.54%
WCRX $ 19.60 0.39  2.03%
SIRI $ 3.49 0.01  0.29%
FB $ 25.76 0.49  1.87%
S $ 7.29 0.03  0.41%