Future Business

May 16, 2009

Euro picks up from 1.3510 to test 1.3560/80 area

Filed under: Market, News

The Euro has bounced at 1.3510 intra-week low to levels at 1.3560/80 resistance area after U.S. CPI and NY Fed Manufacturing Index data was released.

On the upside, above 1.3580, next resistance level lies at 1.3615/20 area, and above here, intra-day high at 1.3650.
On the downside, support levels are 1.3525/30 (May 14 low) and below there, 1.3510 (Intraday low and upward trending support from Apr 28 low). below there, 1.3470 (May 7 high).

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