Euro / US Dollar (EUR/USD) : Still mooving within its MT trading range

The euro is stable against the dollar after the announcement, in the night, of an agreement of a second bailout of Greece. However, the conclusion of an agreement does absolutely not mean that the European crisis is over. Especially, some investors seem to have been disappointed by the terms of this plan.

Graphically and in accordance with our MT analysis of (02/17/2012), the euro hit in Asia last night its upper range located to 1328. Investors expect a weekly close above this key level to bet on a stronger appreciation of the euro in the coming weeks.

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