Pound falls to dollar, the euro could make a breakthrough
The exchange rate euro to dollar could rise, the pound is becoming weaker
In brief: Pound begins to decline, the dollar continues to rise, while the euro is preparing for the latest attack at the end of the week.Pound to dollar rose to a mark of $ 1.5117, after which the upward dynamics somewhat faded, and the couple retreated to a level of $ 1.5085. Now the pound / dollar is in the field of $ 1.5102. The next area of resistance will be the recent highs at $ 1.5120/30. Breakthrough above will open the way for further movement towards $ 1.5150, and then to $ 1.5175 and $ 1.5190/00.
Technical support is at $ 1.5218, which is 76.4% correction from $ 1.5525 to $ 1.4226, supporting the level of $ 1.5080 and $ 1.5050. Currency analysts at UniCredit continues to recommend selling the euro / dollar at any growth. The bank noted that the positive outcome of the 6-day auction, the ECB will support the upward movement pair. Nevertheless, only a breakthrough above 1.2350 will signal sustained recovery. Meanwhile, the couple once again demonstrating positive momentum and is currently traded in the 1.2330 area.
Anrey Torbinski2010-07-01 15:00, Currency news.