Friday, May 1, 2009

Commerzbank advises selling the euro / dollar

Euro / dollar remains near session highs, but the bullish momentum somewhat weakened, and now a couple show some willingness to adjust, after growth in the Asian session and approaching the bidam around $ 1.3270. Currency strategists Commerzbank does not exclude the possibility that the bulls today will make new attempts to continue the attack, but yesterday the euro / dollar has failed to break above $ 1.34, and, more importantly, the bulls have not been able to complete the day, above a key resistance around $ 1.3300/15 that , according to strategists Bank is a disturbing signal. In addition, Commerzbank pay attention to the signals bear divergence in short-term schedules, and advised to use the current levels of sales with the foot at $ 1.3375, and calculation of the movement in the direction of $ 1.3175 and then at $ 1.3125 and $ 1.3065.

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