The Euro is offered against the dollar this morning a slight technical rebound following its collapse last weekend, in the wake of statements by members of the Hungarian majority in the country's economic situation. Heavily penalized, the Euro touched even a 'low point' in the middle of the night under the threshold of $ 1.19 per at 1.1877 dollar, a level that had not been visited by the spot since March 10, 2006 ... At present, clearances on a continuation of the currency pair euro / dollar is expected, in a super tight on all risky assets. In this regard, the U.S. equity markets, Asian and European approach an acceleration phase of the purge. What regild a little image of the Dollar refuge during the coming days. A barrel of U.S. light crude traded for him at $ 70.95 on the Nymex, down nearly 0.80%.
Around 11:30 am, the spot EURUSD is approximately 1.1970.
From a graphical perspective, cross the line currently ends, to schedule, a quick response episode upward purely technical, to contact its 20 days moving average (dark blue). In a degraded environment, both graphic and deeply, our analysts advocate the immediate taking a short position on the Euro / Dollar.
In this context, the team Tradingsat.com delivers a negative opinion for the next few hours and offers traders to initiate short positions in the currency pair euro / dollar by targeting 1.1801, while placing stop loss above 1.2000.
On the macroeconomic side, traders will learn about the German industrial orders at 12:00. (Paris time)
Hourly data chart:
Daily data chart:
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