EUR/USD abre with “gap” – Weekly Report Euro Dollar

AIG receives other 30 trillions of dollars, whereas the government of the United States has participation in Citigroup, etc. the News since these let know to the investors that the world-wide economy still presents/displays much risk, the weak stage has not happened and apparently it will take some time before seeing the prices bounce. All these events bring with himself fear and management of risk between the investors; having consequently: the appreciation of the dollar. In the opening of the market of the Sunday 1 of March parity EUR/USD abrió with gap to the south of our graphs, we see if east movement extends and finally it overcomes the 1.25 barrier.

Tuesday we have the president of the EDF, Horseradish tree Bernanke, that probably in its appearance speaks on the strong movements of the market in the last days, where it is not taken from good forms the aid to AIG. Thursday will be important, since the Gross Internal Product of Euro-Zone will announce, as well as the decision of interest rate of the Bank of England and the Central bank of Europe; with the expectation of which both are trimmed 50 registration points. It remembers that the mixed ones have bought currencies of the central banks that trim their rate. We see if this continues or if the dollar obtains an additional aid to fortify itself. Finally, Friday we will have the not-agricultural Index of use and unemployment in the United States; these news have worked to predict the movements in the economy very well, probably read refusals, thus we would finish the week with a EUR/USD going to the north of the graphs.

We see the parity once again going towards the later part of the graph, having problems to return to the north. Also, we observed that it has not been able to break the barrier of 1,2500, the rank is used excessive respect and this only can mean a thing, a rupture for any side, manténgase kind and takes advantage from the movement.

To sell in levels near 1.2700.
Taking of gain 1:1.2650
Taking of gain 2:1.2550



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