Tuesday, December 7, 2010

EUR: EUR / USD increases with 1.30 since the beginning of the month, but some indicators are talking about fatigue

Signals that are received after the monthly meeting of finance ministers in Brussels, is not encouraging. The views of German Chancellor Merkel to outweigh other opinions, and this means that no new measures to combat the spread of the crisis will not, but the current size of the fund EU / IMF regarded as sufficient. In addition, the debt issuance (or common European bonds) is officially not even discussed. Euro is not at hand, these events, although the overall picture, they have no effect. The results of the meetings this week show that, from the meeting of Heads of State at the next one should not expect a strong pan-European consensus. EUR / USD pair went to an increase from the level at 1.30 earlier this month, and now looks tired technically against Momentum indicators that have unfolded in the direction of descent.

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