Tuesday, April 28, 2009

BNP Paribas: the short-term prospects for the euro negative

Euro / dollar adjustment to lower and having support near $ 1.3000, now holds about $ 1.3005, continuing to be traded in the range. BNP Paribas currency strategists note that would not preclude the growth of new attempts to pair with breakthrough above session highs, they said, could support the continued recovery in the direction of $ 1.3090/80, but they expect a notable increase in sellers. The Bank draws attention to the fact that until the single European currency remains below the specified area, a short-term technical picture remains positive for the Bears, who may rely on the testing support in the area of $ 1.2920. At BNP Paribas noted that if it is successful, the couple may continue to fall towards the key support of $ 1.2890.

No comments: