Tuesday, May 5, 2009

Euro / yen could continue to rise

Euro / yen at the European session, fell to the intraday minimum down below 131.80. However, dealers noted extinction Momentum and the restoration of cross-country race to the level of 132.00. The focus remains on the upper limit of the range after the rollback of the 100-day moving average last week. Now the resistance is the key 200-day moving average at 133.01. Euro / yen rose below the border with avgutsa 2008. Until the couple kept above 21-day moving average remains positive.

No comments: