The pair euro / franc could not find strong support above the 4-month resistance level at 1.5352 and, apparently, at this moment has reached its maximum. Commerzbank currency strategists consider a possible reduction to a pair of 55-day moving average at 1.5185, or 200-day moving average at 1.5129. Nevertheless, the Bank believes that these levels will not be passed, and the couple restored. Bank analysts note that while the euro / franc remains above the level of 1.5129, a long-term upward projection of the pair remains in force. Now a pair of euro / franc traded at 1.5277.
Wednesday, August 12, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment