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The Euro hits 1.49

Monday, January 14, 2008

FXstreet.com (Barcelona) – The Euro reached 1.4906 earlier in European session, as Timothy Straiton, technical analyst at Stoploss.ch explains: “Current level at 12:41 CET is 1.4906, trading well above the daily pivot point level of 1.4786, having surpassed second resistance at 1.4843 in early European trade.” Now the focus, according to Straiton, is on 1.4966 level: “Both daily and hourly Bollinger and standard error bands are poised to the upside and a break of the previous high at 1.4966 would set focus on the 38.2 percent Fibonacci projection target at 1.5725, measured over the .8230- 1.3668 range.”

Posted by MOHAMED SAID at 4:56 AM  

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