Monday, April 20, 2009

BNP Paribas expects euro decline

The pair euro / dollar is slowly declining, although, according to analysts BNP Paribas, the market is likely to doubt bear forecast. Technical indicators for the full-time graph indicate the negative trend, however, the indicators on the hourly charts is supported by the pair. There are a couple at around 1.2981. BNP analysts believe that the couple will be traded in the range of 1.3050 to 1.2935, with breakthrough low-level open the way to 1.2935 and 1.2830, with a bull spread is possible to achieve a mark 1.3070.

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