Tuesday, September 22, 2009

Societe Generale: euro / dollar is ready for new challenges

Euro / dollar rose today, breaking the maximum of last week at 1.4770 and reached 1.4800 marks. Analysts said Societe Generale, this indicates that the period of consolidation after the recent growth of the area 1.4175/1.4190 completed. Euro / dollar resumed its medium-term uptrend to the upper boundary of the proposed uplink, which this week takes place at the level of 1.5010. Resistance is at 1.4815 and 1.4865, support levels are 1.4770 and 1.4715. Currently, the euro / dollar is trading at around 1.4808.

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