Thursday, July 16, 2009

RBS expects reduction in euro / yen

The pair euro / yen today is growing, but this growth, according to analysts RBS, will meet resistance. The bank expects the next couple weeks, currency fall back to the area of 128.82/125.62. Resistance currency strategy has put 132.79/132.98 area and levels of 133.56, 134.25 and 134.90, support is at 130.50, 128.82/128.14, 127.01 and 125.66. Now a pair of euro / yen trading at around 132.57.

No comments: