Monday, April 20, 2009

Euro / dollar continues to bargain with the bear spirit

Single European currency continues to feel the negative mood of market participants, and so far she was able to continue to decline to $ 1.2947, while attempting to growth continue to attract the attention of vendors whose Ofer is now seen around $ 1.2980/90 as well as in the area of $ 1.3020, while in bidy $ 1.2950/40 area while continuing to provide support for the bulls. Dealers do not exclude that they may try to use support in this area for the counter, but doubt that the recovery would be significant, noting that a number of significant accounts showing an interest in the resumption of sales to approach $ 1.31. They note that in addition to bidov of $ 1.2950/40, orders for purchase and there are around $ 1.2930, but below the breakthrough opens the way to $ 1.2900 and then lower towards $ 1.2760/50.

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