Currency strategists Citigroup, commenting on the current euro / dollar situation, note that after the fall pair were stopped near the 200-day moving average, and daily indicators give a clear signal oversold, it is logical to expect profit-taking bears, given the rapid decline in the preceding for most of December. Single European currency, meanwhile, are continuing to try to continue the reconstruction and is currently trying to break above if Offered at around $ 1.4420, and Citigroup believe that bulls have greater chances of recovery. The Bank shall consider the recently observed decline of the euro as a correction, and believe that she has exhausted its potential and in the coming weeks and months the uptrend that has dominated earlier, probably will be further developed.
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