Monday, September 28, 2009

Barclays Capital expects growth in the euro / dollar in the fourth quarter

Analysts said Barclays Capital, reducing the euro / dollar from the field 1.4810/1.4910 resistance is a normal phenomenon and useful. Thanks to his momentum out of an overbought zone, and the mood of the pair returned to normal levels. The bank expects that this week the euro / dollar will be traded in the range 1.4515 - 1.4730. In a broader perspective, the consolidation above the level of 1.44 would indicate a bullish mood couples and pave the way for the growth of euro / dollar in the 1.4810/1.4910 area in the 4 th quarter of this year. Currently, the euro / dollar traded at 1.4654.

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