Monday, February 23, 2009

Euro / dollar

23:02:09

After a mild correction in the Asian session of the single European currency continued to strengthen its position, given the slight improvement in the technical picture (the bulls were able to take advantage of reduced liquidity on Friday, and conclude trades above the line of resistance from December highs, and above 21-day moving average), plus the concern about the prospects for tighter regulation of the banking sector have emerged against the backdrop of talk that the U.S. government can increase its stake in Citigroup. Euro / dollar has now been overcome Ofer around $ 1.2950, and the couple kept about $ 1.2971, test orders for the sale, in the vicinity of $ 1.3000, where it is rumored, is a barrier option. Retailers report that there is higher concentration of foot, but pay attention to the fact that in order for the bulls may expect more significant growth, they need to overcome the larger Ofer of $ 1.3015/30, not far from where the level of correction is taking place in the Fibonacci 23.6% of reduction of 18 December, with the rumor that the above is a very significant amount of the foot. Some interest in buying the euro, meanwhile, is now seen around $ 1.2950, while continuing series bidov formed around the figure, but larger orders are in the vicinity of $ 1.2885/75 and $ 1.2850. Source: Forexpf.Ru - Stock Market and Forex


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