ikonfx

Ikon forex “EUR/USD rose to 1.3220 early in the forex market for hedge emotions” Early in the Asia forex market on Thursday (December 30), the forex price of EUR/USD rose up to around 1.3220, and in the previous night in the New York trading session, this forex price went back to the support point because of the rising hedge emotions in the market. Forex strategist Mike Jones in BNZ said even though the forex price of EUR/USD went up high, but the cross trading would still be limited. The forex price might get some great pressure from the benefit taking of the forex investors in this trading session. Jones pointed out it is commonly predicted in the forex market that the forex price of EUR/USD would fell down because of the sovereign debt crisis in EU in the year 2011. He thought the support point at bottom for the forex price of EUR/USD would be at 1.3120, and the obstacle point on top would be at 1.3275. The forex price of EUR/USD was reported to be at 1.3223/25 at 07:26 Beijing time. Edited by Laura in Ikon Group.