Sunday 1 May 2011

EUR/USD Daily Outlook Oct25


FXstreet.com (Córdoba) – EUR/USD fell on Friday but not enough to erase weekly gains. The pair peaked at 1.5060 posting a fresh 14 month high. Dollar failed to break below 1.5000, despite testing several times a support zone at 1.4990. EUR/USD rose for the third week in a row accumulating an increase of more than 400 pips.
Euro rose sharply against Cable on Friday. EUR/GBP rebounded at 0.9000 and jumped to 0.9214, posting the highest price in a week. The pair respected an uptrend line in daily charts.

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