Thursday, January 28, 2010

The euro fell against the Dollar

Euro fell against its U.S. counterpart, the Asian session today, reaching the lowest level since June 14. Now go out data on unemployment in Germany is projected to rise.

Euro / dollar fell below the psychologically important level of 1.4000, bargaining is currently around 1.4005. The breakthrough level of 1.4000 may cause further growth of the dollar in the medium term, however, according to indicators of momentum, the pair traded in the over-sold. Pare supports at 1.3945 and resistance at 1.4225.

Pair Pound / dollar consolidated in the range 1.6250 - 1.6120, and currently is trading around 1.6180. Pare supported at 1.6150, along with the resistance 1.6265, and the four-momentum indicators show downward movement today.

The dollar rose against the Japanese yen, reaching 90.38. Today, the resistance can be found at 90,45 and 88,60 in the support. In accordance with the rates of stochastic, we expect that the couple will show further growth and breach the resistance level will result in a couple of levels 90,80.

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