Wednesday, January 13, 2010

BNP Paribas remains bearish forecast for the euro / dollar

As the currency analysts BNP Paribas, the euro / dollar struggling to develop further upward movement, and the widening spreads on government bonds within the euro area suggest that the single European currency will once again be under pressure. Today, the euro / dollar continued to recover and reached highs in the 1.4575 area, but the further growth of a pair of resistance at 1.4630 the bank's strategy recommends seen as an opportunity for sale. As part of the downward projection break below 1.4405 would signal to further reduce the pair to the original target level of 1.4260. Currently, the euro / dollar traded at 1.4565.

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