Friday, May 20, 2011

The €uro is recovering

A quick chart analysis with trend channel and the nearest resistance marks:
The €uro isn't out of the woods yet until he recaptured the 1.44 and confirmed that by taking the 1.4450 as well.Therefore is the southwards trend still in effect.

The news are these days more in advantage to the € as to the $ because FED's first raise of the inrterest rates is aspected in 2012 while the EZB will likely raise again in June this year.

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