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Thread: EUR/USD under valued

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    Market Maker ilearn2t's Avatar
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    Default EUR/USD under valued

    Is the EUR/USD under valued?

    current price = 1.3547
    Exchange rate = 1.3603

    If so can we expect the EUR/USD to hit this target today?

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    Quote Originally Posted by ilearn2t View Post
    Is the EUR/USD under valued?

    current price = 1.3547
    Exchange rate = 1.3603

    If so can we expect the EUR/USD to hit this target today?
    There should be a difference between current price and exchange rate. For starters, exchange rates are often only changed on a daily basis and EURUSD has fallen.

    Also, check out the technicals on the daily chart. The recent drop has only just brought the cross out of overbought status.

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    Market Maker ilearn2t's Avatar
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    Quote Originally Posted by ilearn2t View Post
    Is the EUR/USD under valued?

    current price = 1.3547
    Exchange rate = 1.3603

    If so can we expect the EUR/USD to hit this target today?
    Yesterdays close = 1.3484 (down) -119

    Hope all our European members used the exchange rate yesterday



    Todays exchance rate

    1 Euro = 1.3447 U.S. dollars

    Current price = 1.3473

    Will it drop like yesterday or end up overvalued today?

    Forgot to give you a tip like yesterdays UNDERVALUED the forex rate has not fallen to todays exchange rate since change 09.00 (GMT)
    Last edited by ilearn2t; 03-25-2009 at 12:35 PM. Reason: updating current price

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    Market Maker ilearn2t's Avatar
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    Default

    I know this thread is a bit of fun, but it could prove interesting.

    I use the Google exchange website to get the exchange rate.

    I don't really know when it changes, but checking my data both days at 09.00 (GMT) the forex price is in the same area.

    If any member can help workout or knows any useful info that might help could they post a reply.

    Until that point I'll keep using is method.

    If the EUR/USD hits 1.3447 before 09.00 (GMT) tomorrow could they post the time here.

    Current price = 1.3588

    Thanks in advance.

    Just checked google new exchange rate 1 Euro = 1.3546 U.S. dollars

    Current price = 1.3593

    Now a new game. Will the dollar fall to exchange rate before new rate?
    Last edited by ilearn2t; 03-25-2009 at 10:24 PM. Reason: new info on exchange rate

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