The single European currency once again managed to find support near $ 1.3520, and against the background of the profit is adjusted higher. However, near the $ 1.3565 the bears became more active, and the publication of a weak report on retail sales in Germany has provoked a new wave of sales, resulting in the pair is trading now around $ 1.3535. Dealers say that while the bulls keep a stiff upper lip, but a break below $ 1.3520 threatens to turn into a more active falling euro / dollar, and they warn that such an event would entail the development of lower to $ 1.3500 and $ 1.3480, while below the last mark will have another series of pretty good stops. Ofer now appear in the $ 1.3550/60, further orders are placed on the Bears $ 1.3580, larger - on $ 1.3595/05 with stops above. Source: Forexpf.Ru
Friday, September 30, 2011
Data on retail sales in Germany did not add optimism
The single European currency once again managed to find support near $ 1.3520, and against the background of the profit is adjusted higher. However, near the $ 1.3565 the bears became more active, and the publication of a weak report on retail sales in Germany has provoked a new wave of sales, resulting in the pair is trading now around $ 1.3535. Dealers say that while the bulls keep a stiff upper lip, but a break below $ 1.3520 threatens to turn into a more active falling euro / dollar, and they warn that such an event would entail the development of lower to $ 1.3500 and $ 1.3480, while below the last mark will have another series of pretty good stops. Ofer now appear in the $ 1.3550/60, further orders are placed on the Bears $ 1.3580, larger - on $ 1.3595/05 with stops above. Source: Forexpf.Ru
