According to analysts Bank of Tokyo-Mitsubishi UFJ, euro / dollar could sink to three-week minimum in the next two weeks, after the pair fell below support at 1.4075, which represents an ascending trend line from a minimum of 22-28 April to a maximum of 23 June -2 July. Cloud Ishimoku indicator and MACD (convergence / divergence of moving averages) have also served to signal selling euro against the U.S. currency. Bank analysts believe that after the break of trend line support, a pair of Euro / dollar may drop to a minimum on 16 June at 1.3748. In addition the European currency was unable to hold above 21-day moving average at 1.3983, a 5-day moving average shows a downtrend. Now a pair of Euro / dollar traded at 1.3975.
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