According to analysts Citigroup, the U.S. currency is on the threshold of widespread easing in the medium term. Euro could reach $ 1.4720 mark, if this week to close above resistance at $ 1.3722 (up 13 May) and $ 1.3739 (up 19 May) against the dollar. According to the Bank's strategists, a week-long closing above $ 1.3739 would confirm the development of movement and closure of a pair of higher level of $ 1.3722 would be evidence of bovine trend. Today, the European currency reached a mark of $ 1.3978 - up to 2 January. The level of $ 1.4720 is the maximum of 18 December. At Citigroup consider the possible formation of the medium-long term, large pieces of "double bottom" with the line of the neck at $ 1.4720. To confirm such a scenario should be a week-long closing above that level. In this case, the possibility of movement to a maximum of $ 1.70. The level of $ 1.7000 would be a record maximum. At the moment, a historic high mark is $ 1.6038, which was reached on 15 July 2008.
No comments:
Post a Comment