Euro Dollar : L'Euro se replie face au dollar Lundi 12 juillet 2010 à 12:09

The dollar continues to catch up against the euro this morning, in a context of renewed confidence in U.S. economic recovery. This atmosphere is catalyzed by good macroeconomic figures published last week. The coming week promises to be rich in publications with U.S. Alcoa course but also, from Tuesday, the accounts of Intel, AMD, JPMorgan Chase, Citigroup and Bank of America.
Around 12:00, the spot EURUSD is approximately 1.2560.

From a graphical perspective, we are still bearish medium-term Dollar Euro towards $ 1.2145, $ 1.1877 even as the $ 1.2672 / 1.2722 are not exceeded.

From a graphical perspective, the currency pair euro / dollar seems to be stabilizing. However, no entry point trading can not be reached for effective time for a short term trade down. Under these conditions, we prefer simply to stay out of the spotlight during the next few hours, and does not take a position.

Hourly data chart:



Daily data chart: