Euro Dollar: Renewed confidence in the markets, the euro took advantage Monday, June 14, 2010 at 11:38

The Euro continues to catch up against the dollar this morning, in a context of renewed confidence in the temporary rooms. This atmosphere, conducive to all classes of risky assets including the Euro part, is catalyzed by very good figures, released late last week, the index of U.S. consumer confidence, as defined University of Michigan. Stock indexes on both of the Atlantic took the opportunity to amplify their bounce.

Around 11:20, the spot EURUSD is approximately 1.2235.

From a graphical perspective, the currency pair euro / dollar boosts its decision height. However, no entry point trading can not be reached for effective time for a short term trade. Under these conditions, we prefer simply to stay out of the spotlight during the next few hours, and does not take a position.
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 1.2300 revive the purchase, while a break of 1.2200 would boost the selling pressure.
On the macroeconomic front, no major publication is expected for the rest of day.

Hourly data chart:



Daily data chart: