EUR/USD | Technical Analysis | 25 February 2011

EUR/USD | Technical Analysis | 25 February 2011

EUR/USD Open 1.3819 High 1.3838 Low 1.3703 Close 1.3798

On Thursday the Euro/Dollar continued increasing with around 120 pips, after deep morning correction. The European currency appreciated from 1.3703 to 1.3824 yesterday, matching the positive Interbank sentiment projection at nearly +2%, closing the day at 1.3798. This morning the pair climbed further up, reaching 1.3838. On the 1 hour chart new upward channel has formed, while on the 3 hour chart the upward channel is trying to resume. Read more