EURO traded lower . Euro zone economies announced individual measures to capitalise the banking systems and alleviate funding pressures. Risk sentiment is improving as the US is expected to join the fray in banking recapitalisation, but even if such efforts are successful fundamentals still point to a deep slowdown in the German economy.
Tech view
EURO R1: 1.3680 S1: 1.3450
R2: 1.3710 S2:1.3420
Euro remains mixed for the day. Trading range for the day is expected between 1.3480-1.3660 levels for the day. MACD cross over does not make any significant crossover and remains silent on the issue.stochastic trends downwards.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment