Tuesday, June 23, 2009

Euro / dollar is trying to develop a recovery

An initial attempt to break the euro above $ 1.3970/80 fails, but the subsequent rebound lower stimulus which, according to dealers, might have given comments Moritz Kramer, responsible for S & P for the sovereign credit ratings, has been limited. Euro / dollar then resumed its assault on specified Ofer, Ofer and now pressures near the figures, but interest in the sale here is quite strong, and currently holds a pair of approximately $ 1.3983. One British dealer said that while demand for the euro is still very good, the levels of around $ 1.4000 looks quite favorable for the resumption of sales of euro short footsteps and make the resumption of testing a key support of $ 1.38 / $ 1.37. A related point of view, however, adhere to the strategic and Royal Bank of Scotland, which also approves the sale of euro near $ 1.40, noting that the break of support at $ 1.3786 would signal the continuing reduction in the single currency in the direction of $ 1.3615 / $ 1.3444.

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