Month: April 2013

Flight delays piled up across the country Monday as thousands of air traffic controllers began taking unpaid days off because of federal budget cuts. (April 26)

The Duke and Duchess of Cambridge, along with Prince Harry visited Warner Bros. Studios with 500 children and adults from the charities they support. (April 26)

President Barack Obama vowed Friday to fight with Planned Parenthood against what he said were efforts across the country to turn women’s health back to the 1950s. (April 26)

With flight delays mounting, the Senate approved hurry-up legislation Thursday night to end air traffic controller furloughs blamed for inconveniencing large numbers of travelers. A House vote on the measure could occur on Friday. (April 26)

Jennifer Lopez’s gay sitcom inspired by lesbian aunt
S&P is dealt a setback in Connecticut case over ratings
Joaquin Phoenix Home: Actor Buys Neighbor’s House For Possible Compound?

CBOE delays opening for “downloading” problem
Hoax tweet tests firms that filter social media for Wall Street
Dow Slips, S&P Edges Up as Durable Goods, Apple Drag

Britain’s economy dodged a return to recession in the first quarter of the year, providing some relief for Finance Minister George Osborne, who’s come under pressure from the IMF to slow the pace of austerity. Joanna Partridge asks if the UK is doing enough to rebalance its economy.

The EU’s top economic official says Europe can afford to consolidate its public finances at a slower rate. Rough Cut (no reporter narration).

By CountingPips

EUR/USD continues to hold at or above Major Support & Resistance Level

The euro saw a slight gain against the US dollar in foreign exchange market trading today after declining for the past two days. The EUR/USD has finished the day at the New York close up by approximately 20 pips. This marks a second straight day closing right at the major 1.3000 level.

Support & Resistance Levels:

Important support & resistance levels to watch start with the obvious one at 1.3000 while 1.2875 and 1.2750 would be likely targets on a bearish breakdown as well as the monthly pivot point sitting at 1.2898. If significant support materializes then the previous support/resistance level around 1.3150 would come into focus and bring the 1.3300 level next up the ladder.

Pivot Point Levels:

Weekly Pivot Point: 1.3081
Monthly Pivot Point: 1.2898

Linear Regression Indicator Trends / Strength Data:

30-day current trend is BULLISH / Trend strength of 248.0 pips
60-day current trend is BEARISH / Trend strength of -263.7 pips
90-day current trend is BEARISH / Trend strength of -588.3 pips
180-day current trend is BULLISH / Trend strength of 200.4 pips
365-day current trend is BULLISH / Trend strength of 344.5 pips

Article by CountingPips Forex News & Analysis

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