EUR/USD 1.2835 – 17 August 2010
EUR/USD Open 1.2812 High 1.2865 Low 1.2735 Close 1.2825On Monday the Euro/Dollar started to rise. The European currency appreciated from 1.2735 to 1.2865 yesterday, matching the positive Interbank sentiment projection, at nearly +2%, closing the day at 1.2825. This morning the bulls are trying to push further up. On the 1 hour chart new downward channel was broken upwards, while on the 3 hour chart the downward channel is on hold. Break above the nearest resistance and yesterday’s top at 1.2865 may trigger further recovery of the Euro. Read more…