Wed, Aug 31 2011, 18:13 GMT |
FXstreet.com FXstreet.com (C�rdoba) ? The EUR/USD extended losses after breaking below. The pair fell to a fresh low at 1.4370 and remains under pressure trading near the lows es the Euro falls also versus its European rivals and the Pound.
According to the Talking-Forex.com Analysis Team, supports are seen at 1.4385 and then at the 100-DMA line at 1.4353. ?On the other hand, resistance levels are seen at 1.4550/69 and then at 1.4600.?
The decline of the European currency started after rumors and commentaries among EU officials about Greece and the Eurozone. It was reported, later denied, that the Greek government hired a law firm with the purpose of evaluate a debt restructuration and an exit from the Eurozone.
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Source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=0f01a10f-32d1-467e-916e-44317e629e75
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