More from FXstreet.com

Forex: EUR/USD retreats from 1.2465 to levels below 1.2400

By FXstreet.com,  June 21, 2010, 05:54:00 AM EDT

FXstreet.com (Barcelona) - Euro recovery from 1.1875 extended higher on Asian session, to reach a fresh 4-week high at 1.2465, to pull back during European trade, to levels right below 1.2400 at the moment of trading.

The pair remains biased to the upside while 1.2350 level remains in place, says Slobodan Drvenica, technical analyst at Windsor Brokers Ltd: " A higher platform at 1.2350 now underpins advance for a push to 1.2525/1.2560."

On the downside, below 1.2350, Drvenica observes next target around 1.2240: "Under 1.2350/39 would shift focus lower and expose 1.2240, 17 Jun low."




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

Daily Dividend Report: TUP, HD, PCP, CBS, CME
Daily Dividend Report: TUP, HD, PC...
Midday Report: May 24, 2013
Midday Report: May 24, 2013        
Friday Sector Leaders: Education & Training Services, Metals & Mining Stocks
Friday Sector Leaders: Education & ...
Friday Sector Laggards: Auto Parts, Music & Electronics Stores
Friday Sector Laggards: Auto Parts,...


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 $ 13.17 0.04  0.30%
FB $ 24.5699 0.49  1.96%
SIRI $ 3.54 0.01  0.14%
PFE $ 29.01 0.10  0.34%
GE $ 23.59 0.07  0.30%
P $ 16.9989 0.16  0.94%
INTC $ 23.81 0.24  1.00%
MSFT $ 34.17 0.02  0.06%