2010-07-06

Euro was dragged more low against USA dollar after fail to break the key resistance

EUR/USD
Euro was dragged more low against USA dollar after fail to break the key resistance on 1.2611 level (2 July high). The Pair neared barrier in 1.2605 (the intra-day high) only to control briefly downwards value stopped 1.2568 area. The Current price can be discovered in 1.2575.

The Investors reduced the weak point to risk opening, thereby favouring buying Euro.FX3Signals installed that in spite of defect main economic given in euro zone, euro rises against dollar as investors interested to more transferring currency, what consequently increasing euro on the market.

In deeper analytical, take that in spite of some seller fell into around 1.2600, the following clearance is still seen. The Glance for 1.2672/84 then, with on 1.2802 and 1.3000/93 bands. Support - in 1.2563/46 now, then on 1.2515 in 1.2480 areas.

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