Euro Dollar: The euro consolidated, to $ 1.33 Monday, August 9, 2010 at 11:22

Despite very disappointing macroeconomic statistics on U.S. employment, published late last week, the euro has shown great strength and reinforces its advance against the dollar, close to 1.33. The operators did not discard the single currency, asset by 'at risk', unlike the dollar, due to the excellent resistance of equity markets in the U.S. Friday. The major stock indexes have in effect accused and very thin folds, benefiting from a rebound in confidence during the session. The Dow Jones industrial average and the Nasdaq Composite, which paved candles daily rather attractive, does that have depreciated 0.20% each.
It will be recalled that, according to the U.S. Department of Labor, 131,000 non-farm jobs were lost and the unemployment rate remains unchanged, 9.5%.
Around 11:10, the Euro, which continues to consolidate, is approximately 1.3280.
From a graphical perspective, the currency pair euro / dollar continues to draw on a set schedule in terms of consolidation. A continuation of this phase of pause on the current levels is at present the preferred option of our team of technical analysts, and traders prefer not to take a position in the immediate future, in terms of graphics deemed unsuitable.

Hourly data chart:


Daily data chart: