The Euro was poised for its second straight monthly advance versus the yen on speculation the 15 countries that share the currency are strong enough to withstand a slowdown in the U.S., allowing the European Central Bank to keep interest rates on hold to fight inflation.
technical view for the day(30.05.2008)
EURO chart pattern indicates the currency to be on mixed note for the day. currency is expected to trade in range between 1.5450-1.5620 levels for the day. support level for the currency is expected at 1.5430 levels and holds resistance at 1.5640 levels. currency is trading below the fast moving average and stochastic is also supporting the view.
EURO chart pattern indicates the currency to be on mixed note for the day. currency is expected to trade in range between 1.5450-1.5620 levels for the day. support level for the currency is expected at 1.5430 levels and holds resistance at 1.5640 levels. currency is trading below the fast moving average and stochastic is also supporting the view.
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