Friday, February 22, 2013

The Euro Is Still Observed Weak

Euro Masih Terpantau Lemah

Monexnews-the index Nikkei back above levels rose 1.63 percent or 11,035 and USD exchange rate observed strengthened, EUR/USD looks still rectified under low level market closing last week at 1.3360. The euro is currently at 1.3340. While the Chinese market today (2/18) will be re-opened after the weekend holiday for Chinese new year. U.s. markets will be closed all day for a holiday "President's Day '. Today Chairman of the ECB, Draghi also is scheduled to give an official statement from 8: 30 am EDT.

Valeria Bednarik, Chief Analyst of Fxstreet.com said "EUR/USD still in a bearish pressure if viewed from the graphs of one hour. The Euro was under 20 HIGH SCHOOL HIGH SCHOOL with the indicator moves down into negative territory, "explained analysts. The 4 hour chart, currency pressures are still bearish. The Level of support at 1.3310, 1.3270 and 1.3220, while resistance level at 1.3385, 1.3410 and 1.3440.

(din)



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Title Post: The Euro Is Still Observed Weak
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Author: Mohammad Zulfi Satriawan

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