Tuesday, February 23, 2010

Barclays Capital: the growth prospects of the euro / dollar still persist

According to currency analysts Barclays Capital, break above the resistance trendline at 1.3660 in the pair euro / dollar points to the possibility of testing the level of 1.3765, where the 21-day moving average, in the case of a breakthrough which steam can rise to more violent resistance 1.3840. Nevertheless, today's rising dynamics of the euro / dollar ended at 1.3693, after which the couple sat down to a sessional minimum at around 1.3552. As noted in the bank, breakthrough euro / dollar below 1.3520 would be a refutation of the above bottom-up scenario. Currently, the euro / dollar traded at 1.3583.

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