Euro Dollar: Pending Trichet's remarks Thursday, June 10, 2010 at 11:39

The euro displayed a slight increase against the dollar this morning, the temptations vendors are making a lot less keen to approach the decision of the European Central Bank on interest rates. If the main one, the lowest since the inception of the Euro zone, should not be amended by a majority of traders, the focus is on the content of the comments of Jean-Claude Trichet at a press conference . The President of the ECB is expected on the key issues of the role of our monetary institutions in the severe fiscal crisis experienced by the Euro Zone.

Around 11:25, the spot EURUSD is approximately 1.2080.

From a graphical perspective, the magnitude of the current protest movement buyer remains difficult to assess, and in the context of waiting for an appointment today essential for the community of traders (decision on European rates 13h45), we prefer simply to issue a neutral opinion and recommend to our readers to stay away from the currency pair euro / dollar in the short term.
In this context, the team makes a neutral Tradingsat.com for the next few hours and offers traders stay out of the market in anticipation of next clear signs. However, we take care to note that a crossing of the voltage to 1.2100 revive the purchase of 1.2000 while a failure rekindle selling pressure.
On the macroeconomic front, the news for currency traders will be dominated by decisions of central banks English (1300) and European (13h45). Then at 14:30 will be known simultaneously showing the U.S. trade balance and U.S. unemployment weekly listings. (Paris time)

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