Euro/Dollar weerstanden voor 2 februari

[Armijn]

Coming Up Today (all times GMT)
13:15 USD ADP Non Farm Employment
15:30 USD Crude Oil Inventories
21:45 NZD Employment Change
21:45 NZD Unemployment Rate
US Dollar came under broad pressure in the Forex market on Tuesday as the calm down of the political unrest in Egypt underpinned higher yielding currencies to move higher. The US dollar fell broadly against other instruments as risk appetite has returned, plunging to a four week low against the Japanese Yen to the 81.30 level and tumbling to a four week low against the Swiss Franc to the 93.00 level.

EURUSD

Forex market has been very interesting the last weeks; Euro versus the US dollar is rallying to new highs since November 2010. The pair was supported by reports that European leaders were near to an agreement on how the European Financial Stability Fund will purchase distressed government bonds through private placements, also the strong economic data that came out the first two days of the week gave further support. Since last night the Euro after penetrating the 1.3756 seems reluctant to stop rallying, however possible resistance is the 1.3860 as most of the technical indicators are at the extreme levels up or in the overbought areas.

Support/Resistance 1.3756/1.3860

GBPUSD

The British Pound is making new highs as well, reaching this morning in the forex market the 1.6174 which represents an eleven week new high, possible support level is the psychological level of the 1.60. The rally of the Sterling is helped by the strong UK manufacturing PMI data that were announced yesterday and came out to be 62.0 instead of 58.0 that was anticipated, while the beginning of the uptrend was underpinned by increasing discussions for a hawkish monetary policy by the BOE.

Support/Resistance 1.6000/1.6175