Tuesday, May 26, 2009

Barclays Capital. Euro / Franc: growth or consolidation?

Lack of development of bull's momentum in the pair euro / franc last week was a disappointment for strategists from Barclays Capital. The bank is likely to invalidate the bullish outlook for the euro / franc at 1.5350 with a view, if the pair falls below the level of 1.5125. In this case the couple is likely to range trade awaits. At this time, a pair of euro / franc traded at 1.5157.

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