Montag, 16. Juni 2008

Technical Analysis - EURUSD


After the end of last week the currency pair Euro/Dollar came close to the dangerous figure at $ 1.5300 in the background of the Irish referendum. In Asian Session Euro attempted to recover its position. However, Euro/Dollar turned back its movement at the level of $ 1.5420, and the bears started offensive trade. Dealers noted that in early European Session lots of sell orders were set by Russian accounts. Despite pro-inflation comments of representatives of the ECB on Monday, Euro quoted $ 1.5344 during the fall and is now corrected to the level at $ 1.5365. Dealers reported demand in the zone of $ 1.5350 and the highly interest in buying in the area of Friday minima by $ 1.5304 as well as near $ 1.5285.

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