Friday, February 26, 2010

BNP Paribas expects further growth in the euro / pound

As the currency analysts BNP Paribas, the euro / pound overcame resistance in the 0.8840/60 area, as well as the resistance of the downtrend line from the October peak. According to the bank's strategy, the dynamics of couples indicates that an important foundation has been formed. Thus, the Bank expects continued growth in the euro / pound to the target levels of 0.9055 and 0.9155. Currently, the euro / pound is at 0.8922, slightly below the 6-week high 0.8933.

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