Single European currency is in demand again after the correction after the rally that followed the press conference, Jean-Claude Trichet, but the bulls still continue to receive the response from around $ 1.3430. Breakthrough above, however, would signal a further increase in the direction of significant resistance in the form of 200-day moving average, which today runs about $ 1.3454, while dealers noted that there has been interest in the sale of up to $ 1.3470, while a large order to sell to visible and near the line of trend with highs last year around $ 1.3510. Currency strategists Citigroup have warned that the prospects for further euro / dollar will largely depend on the ability of the bulls to overcome these resistance levels, and in the case of the successful break above it would be possible to talk about the potential for growth in the euro / dollar to $ 1.38.
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