EURUSD decreased 0.0004 or 0.04% to 1.1205
Euro Dollar Exchange Rate | Data | Chart | Calendar
BUZ INVESTORS The EURUSD decreased 0.0004 or 0.04% to 1.1205 on Friday May 26 from 1.1209 in the previous trading session. Historically, the Euro Dollar Exchange Rate – EUR/USD reached an all time high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985. The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies.
Trade Idea Update EURUSD – Stand aside
Although the single currency has rebounded after holding above previous support at 1.1161 and retest of this week’s high at 1.1268 cannot be ruled out, break there is needed to signal recent upmove has resumed and extend further gain to 1.1280-85 (61.8% projection of 1.0839-1.1172 measuring from 1.1076) and possibly towards 1.1300-10. If said resistance continues to hold, then further consolidation would take place.
On the downside, below 1.1195-00 would bring another corrective fall to 1.1161-68 support but break there is needed to signal top has been formed at 1.1268, bring retracement of recent upmove to 1.1130 but reckon downside would be limited to 1.1100-05 (38.2% Fibonacci retracement of 1.0839-1.1268) and price should stay well above support at 1.1076, bring rebound later.
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Euro Dollar Exchange Rate
|1.12||1.12||1.87||0.70||1957 – 2017||Daily|
|Euro Area Markets||Last||Previous||Highest||Lowest||Unit|
|Government Bond 10y||-0.42||-0.45||2.57||-0.50||percent||[+]|
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