Tuesday, April 28, 2009

Euro / dollar. Mood remains bear

Single European currency traded again today with the bear tone, given the further strengthening of the negative sentiment among investors in the equity markets, but the bulls still manage to refrain from substantial fall. They continue to find support in the form of bidov in the region of $ 1.2990/80, the inability to overcome even inspired them to attempt to restore, but the past is still attracting the attention of retailers, whose orders are now seen around $ 1.3040/50. Retailers have warned that a breakthrough may lead to higher performance of the foot, placed above $ 1.3055, and to support the testing of the next series of orders to sell around $ 1.3065 and $ 1.3080/90, but further reduce the risks prevail. Interest in the sale is now seen about thirty pieces, while larger bidy remain in the $ 1.2990/80, and the ability of the euro / dollar break below would allow to expect further development of downward movement in the direction of lines of support with minima in March $ 1.2930 area.

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