Trichet comments about growth triggered a bearish rally well beyond expectations. From actual zone, next support and probable rebound zone for euro will be 1.3642.In Gbp 1.7540. Pay attention to the DJIA that will start in 25 minutes: stocks will probalbe run high and so the pair Usd/jpy.
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One Response to “Majors update”
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Hi,
This is Krishna again.
I like to know ur view on Euro, do u expect Euro to reach 1.3000 in next 6 months…?
bcoz in monthly chart the trend line conecting the lower highs since .82 levels till 1.6040, broken comfortably yesterday around 1.3950 ( I mean monthly close below the trend line)- I beleive this confirms the bear trend in Euro towards 1.20 levels in the coming days…
But considering the outlook of dollar, it is very difficult to say DOllar bullish trend will remain for long period….
looking forward to hear your view and analysis in Euro & GBP
best regards
Krishna