Friday, October 2, 2009

Barclays Capital maintains bullish forecast of the euro / dollar

Euro / dollar all closer to the level of a breakthrough in the field of 1.4450/00, while currency analysts at Barclays Capital is increasingly leaning toward the bullish forecast for the pair. Taking into account the fact that the momentum is approaching oversold, the bank expects early next couple weeks will form a foundation for future growth to the recent highs of 1.48. As a strategy at Barclays Capital recommend buying euro / dollar to decline in the 1.4450/00 area with a stop below 1.4340. At the moment, the euro / dollar is trading near the high of $ 1.4540, having fallen from the highs reached earlier above $ 1.4560 - the eve of the publication of data on the labor market in the U.S. the pair are unlikely to be significant. Offer are in the region $ $ 1.4565/70 and 1.4600/10, bids are marked near the level of $ 1.4500 with stops below.

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