Thursday, July 30, 2009

Barclays Capital expects a further reduction in euro / dollar

The pair euro / dollar Breaks trend line from April minima. In addition, analysts noted Barclays Capital, for intraday charts pair had completed the formation of a small double top. Bank analysts have warned that such a movement spoke of the possibility of further easing of a pair to a minimum over a wide range of 1.3950/10. As currency strategists believe the bank, if the euro / dollar can not rise above 1.42 by the end of summer, a couple will be at lower levels. Now a pair of Euro / dollar traded at 1.4065.

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