Friday, July 24, 2009

Barclays Capital holds a neutral forecast for euro / dollar

On Thursday, the movement of a pair of Euro / dollar has led to the foot function in both directions, leading market participants in some confusion. According to analysts Barclays Capital, the further direction of a pair is difficult to predict. However, the Bank believes that in order to ensure the euro / dollar a more positive mood, it is necessary to closing the day above the break above 1.4185 or a maximum of 1.4290. While in the bank to adhere to neutral-Bear projection of the pair in the short term, and recommend that in order to sell at 1.3980 and 1.3720. The breakthrough level of 1.4045 would be confirmation of the start of downward movement. Now a pair of Euro / dollar traded at 1.4235.

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