Tuesday, September 7, 2010

The dollar has grown up in early Asian session

A quiet tone of the Asian trading session, a country with no significant economic data have been breached, and the euro / dollar quickly lost in the price of more than sixty points, resulting in a pair is now possible to observe the testing bidov in the twenty-eighth figure. Dealers noted that the initial impulse reduction gave a liquidation of long positions, but many of them pay attention to the fact that stops below $ 1.2860 was relatively small and mostly negative effect on the euro has published articles in the Wall Street Journal, which noted that the volume of investments in risky assets in the state of stress tests of European banks was undervalued. Dealers report that at the sellers were seen on reducing the model bill, and warned of feet below the $ 1.2800, the execution of which will pave the way for support at $ 1.2780, after which it is rumored that there are a large stop orders.
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