Euro Dollar: Euro steady after G20 Monday, June 28, 2010 at 11:20

The Euro continues to draw its continuous oscillations in narrow ranges against the dollar at close of 1.2400, a low volatility despite the end of the meeting of the G20 summit held in Toronto this weekend . Note that the statement is extremely consensual, does not contain any concrete cutting and austerity policies carried out in a number of developed countries to resolve the thorny problem of debt.

Around 11:00, the spot EURUSD is approximately 1.2370.

From a graphic point of view, cross, who has joined moving average at 20 days (depicted in dark blue for schedule) continues its consolidation phase flat in a horizontal range between 1.2345 and 1.2400. Our analysts anticipate a continuation for the time of "pause" between these two levels during the next hours.

Hourly data chart:



Daily data chart: