Thursday, July 16, 2009

Barclays Capital expects a breakthrough level of 1.42

The second session of a pair of consecutive growth in the euro / dollar will stop at 1.4135, which represents the resistance trendline. Barclays Capital analysts believe that at this level should pay attention, but believe that in order to change the current trend requires a more important breakthrough resistance, which is at the level of 1.42. While the euro / dollar remains below this level, currency strategists Bank are very likely to decline a pair of 50-day moving average, which takes place at around 1.3935. Now a pair of Euro / dollar traded at 1.4120.

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