Thursday, October 22, 2009

Euro / dollar again near 1.50

Today is the first time in 14 months, the euro / dollar rose above 1.50 marks - a growing optimism about the recovery of the world economy has boosted demand for risky assets to the detriment of the American currency. Analysts said Bank of New York Mellon, this break above 1.50 is of great psychological value, and opens the way for further growth of the pair, who expects the majority of market participants. Strategists RBC Capital Markets also pay attention to the importance of the breakthrough level of 1.50 and note that the closing today above this mark will greatly enhance a bullish mood. At the moment, the euro / dollar is at 1.4994. Couple overcame resistance around $ 1.4980 and yet continuing to try to rise to Ofer, who reportedly dealers located in the area of $ 1.5000/15 ($ 1.5001 - 61.8% from $ 1.5036/1.4945, $ 1.5015 - 76.4%). In the case of a break above these levels of couple can grow to the maximum of the Asian session around $ 1.5036, while the next resistance will make the region $ 1.5045/50 ($ 1.5047 - a maximum of the New York session). Support remains at around $ 1.4945/40 with an intermediate interest in the neighborhood of $ 1.4965.

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