Tuesday, September 8, 2009

Barclays Capital: euro / dollar is preparing to break through the trading range

As the analysts Barclays Capital, September often sets the tone of trade for the rest of the year, although this phenomenon is not inevitable. For the euro / dollar to open new positions results in the possibility of a pair of trading range 1.4175 - 1.4450, and taking into account the year the price movement (a few negative against the U.S. dollar) break the top of the range will result in the euro / dollar to a maximum in September 2008 at 1.4820. Now the euro / dollar traded at 1.4437.

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