Monday, October 5, 2009

Euro / dollar trying to develop the upward momentum

Euro / dollar is trying to break higher against the backdrop of yield data from the U.S., were slightly better than analysts' forecasts, but so far upward momentum is not too large. Now the pair is at around 1.4622. According to dealers, below $ 1.4600 indicated demand from sovereign accounts. Nevertheless, for the development of upward movement is necessary that the pair broke the region $ 1.4640/50 ($ 1.4650 - the level of the expiration of the option), and then the Asian session highs near $ 1.4655. Offer located at $ 1.4670, stops are near $ 1.4680.

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