رد: ░▒▓█◄ حلوتهــــــا فـــ بسطتهــــــا ►█▓▒░
Euro under pressure on Spanish downgrade
EUR/USD is under pressure in Asia as Spain is downgraded to AA- with a negative outlook by S&P, last at 1.3735, 40 pips below its opening price. This event is fueling demand for the safe-haven USD as investors seek refuge. To the downside, support levels lie at 1.3710 and 1.3660, while, to the upside, resistance levels lie at 1.3815, 1.3850 and 1.3900.
Thursday saw the pair range between 1.3825/1.3685, ending the day at 1.3775, down from 1.3790. Technically speaking, Valeria Bednarik, Chief Analyst at FXstreet.com finds that the hourly chart “shows momentum heading lower, retreating from the 100 level, while price holds above a flat 20 SMA.” The Analyst notes that a “Clear candle opening below may trigger further selling in the pair, while only clearly above 1.3815 the upside opens for a bullish extension.”
EUR/USD is under pressure in Asia as Spain is downgraded to AA- with a negative outlook by S&P, last at 1.3735, 40 pips below its opening price. This event is fueling demand for the safe-haven USD as investors seek refuge. To the downside, support levels lie at 1.3710 and 1.3660, while, to the upside, resistance levels lie at 1.3815, 1.3850 and 1.3900.
Thursday saw the pair range between 1.3825/1.3685, ending the day at 1.3775, down from 1.3790. Technically speaking, Valeria Bednarik, Chief Analyst at FXstreet.com finds that the hourly chart “shows momentum heading lower, retreating from the 100 level, while price holds above a flat 20 SMA.” The Analyst notes that a “Clear candle opening below may trigger further selling in the pair, while only clearly above 1.3815 the upside opens for a bullish extension.”
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