EURUSD Trades Higher; 1.4280 Under Pressure

Quote of the day:“You cannot teach a man anything. you can only help him to find it for himself” – Galileo Galilei
EURUSD – 1.4235 @07:53 GMT
Good morning. Trading was quiet yesterday but the euro holds gains and climbed higher against the US dollar, flirting with 1.4250 at time of writing, not far below November’s top at 1.4280 where first resistance level resides. ECB’s Trichet said yesterday that the ECB’s intention to raise interest rates as soon as next month has not changed, despite the impact of Japan’s disaster. As the market is pricing in ECB’s rate hike in April, I Read More

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� 2011 FX Trading Blog - innerfx.com | Article Source | Post tags: ECB, EURUSD, Interest Rate Decision, Japan, Trichet

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