Euro strengthens ahead of EU meeting

Source: Bloomberg
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17-nation currency advanced to one-month record high versus US Dollar on speculations EU finance ministers will support the increase of rescue funds. Euro climbed 0.4% against greenback to USD 1.3349 and was poised for third weekly gain. Common currency dropped 0.2% versus Yen to JPY 109.49. Currently EUR/USD is trading at USD 1.3356.
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Fri, 30 Mar 2012 08:14:24 GMT

Emerging patterns: EUR/JPY 4H Chart: Rising Wedge

EUR/JPY was consolidating during the last 173 bars, forming a Rising Wedge pattern on 4H chart. The formation has 76% quality along with 66% magnitude.The price slowed near its support level around 109.23 and tried to break it, but failed to do so.  Pair was trading in a tight range after testing the level and now it has a possibility

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

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