Friday, February 12, 2010

Barclays Capital holds negative outlook for the euro / dollar

As currency strategists believe Barclays Capital, below the break last week, 8-month low of 1.3585 in pair euro / dollar is evidence of the resumption of the downtrend. The next target in the reduction of a pair of bank analysts put a mark 1.3420. With regard to upward movement of the euro / dollar, just above the closing level of 1.3775 would be bearish forecast of a refutation of the bank. Currently, the euro / dollar is trading at around 1.3616.

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