Friday, April 17, 2009

Euro / dollar is trying to stabilize above $ 1.30

A single European currency is now able to move beyond the consolidation range of recent days, but the downward movement vydohlos approaches to support in the area of $ 1.30, and testing bidy of $ 1.3035/30, the couple turned higher, with the result that at present it can be seen near $ 1.3064 . Bidy remain with the minima session, as well as some figures, where it is rumored, is a barrier option, while interest in the sale is now seen near $ 1.3070/75, $ 1.3095 and $ 1.3010/20 area. Of course, news of the possibility of negative adjustments to the credit rating agency Moody's Ireland, and Trichet's comments today, have put pressure on the single currency, but at the same time, the mood in the equity markets in mind a series of more positive than-expected corporate reports to be positive, which limits the loss of euro / dollar, and analysts see BBH risks locking in profits before the weekend, which could support the recovery of a pair to $ 1.3160. However, they warn that the closure of the day below $ 1.3070 would be a negative signal for the euro, which will rely on the continued fall and offset trading in the range $ 1.25 - $ 1.30

No comments: