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08 November 2005

The dollar rallied yet again yesterday...

The dollar rallied yet again yesterday, breaking the April 2004 lows against EUR and dragging cable down through the October low at 1.7388. The riots in France are certainly not helping the Euro.

Sterling remains firm against the Euro and most other currencies, the dollar being the main exception.

GBP EUR - Support 1.4755 then 1.4720
Resistance 1.4830 then 1.4870

GBP USD - Support 1.7320 then 1.7270
Resistance 1.7420 the 1.7590

Posted at: 09:27

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