Friday, April 24, 2009

Ifo report supported the growth of euro

Publication of Report Ifo, all components of which were above analysts' forecasts, given the Euro bulls optimism, lack of which is, however, has not been observed, given yesterday's closing bid above $ 1.31 and a positive attitude to the equity markets of Europe. Euro / dollar was able to take advantage of the positive news for a breakthrough in the field of Ofer $ 1.3210, which resulted in the execution of the foot, in the above, providing further impetus for the subsequent push to Ofer near $ 1.3230/35. This upward movement has so far been kept, but the mood remains positive, and the break above will open the way for the next series of orders for the sale of $ 1.3250 and $ 1.3270/75. Bidy now congregate in the area of $ 1.3190/80, while larger orders are in the vicinity of $ 1.3160.

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