NAB recommends buying the euro against the dollar and pound

Euro / pound in recent days has managed to rise significantly higher today after a break above stg0.90 bulls found the strength to leap to fresh highs in the stg0.9150. To date, the couple against a background of profit-taking following an adjustment, and now rests near stg0.9057, while achieving the resistance line with highs 2008/nachala end of 2009 suggests that the possibility of greater downward movement in the short term. Currency strategists NAB, however, advised to remain optimistic and viewed as an attempt to reduce the opportunity to buy with a stop at stg0.8815, given the slight improvement in the technical picture. The bank also obaraschayut vnimnanie the fact that, although the mood for euro / dollar remains negative, the events of recent days indicate some stabilization of couples. In National Australia Bank believe that the risks have increased upward correction and recommend buying the euro against the dollar with a stop at $ 1.3425.