The exchange rate euro to dollar continues to fall today

Bears captured the euro today

In brief: Dollar exchange rate starts to feel a heightened interest from the bulls, the euro began a new week with a bearish trend.

The exchange rate euro is falling today. Since the beginning of the week for the euro continued to feel the growing interest in the sale and is currently being tested bids around $ 1.2880, a break below which will open the way for the next series of orders of bulls in the area of $ 1.2865 and about $ 1.2850.

Dealers, meanwhile, said that the following visible foot fall that could well provide impetus for the development of a pair of correction towards $ 1.2780 and $ 1.2740/30. They expect more profit taking buyers in the coming session, and recall that the growth of the thirtieth figure on the side of re-sellers of the euro were seen the long-term accounts. In favor of the reduction, however, speaks and doji, which was formed on Friday after reaching a psychological level of $ 1.30 and a trader at a Japanese bank notes that attempts to pair to resume growth should be used for sales of the single European currency with a stop above the last mark.

Ukrainian Globalist
2010-07-19 10:33, Currency news.

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