Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Currencies  >  Euro / US Dollar (EUR/USD)    EURUSD   

Analysis summary4-Traders Strategies

Black friday !

share with twitter share with LinkedIn share with facebook
share via e-mail
11/06/2012 | 02:30pm

As U.S. indices have not benefited from good U.S. employment figures, the Euro falls, while concerns remain about the negotiations in Greece.

In the Eurozone, where the unemployment rate has reached a new record of 11.6%, an agreement between Greece and its creditors for the payment of new aid has not yet been announced while the country risk bankruptcy on November 16. The situation annoys investors are gradually emerging European currency, whereas international leaders draw no lessons from the past and reproduce the same mistakes.

The U.S. currency could mark time in case of re-election of Barack Obama as President of the United States on November 6 while his Republican rival Mitt Romney has expressed reservations about the ultra-accommodative policy of the FED. Finally, the resolution of the Greek case should also help to support the Euro because its backers will, as usual, soon forced to discontinue any suspense by announcing a new in-extremis aid to Greece.

Technically, the Euro returns to the lower bound of its trading range, which will allow us to validate or invalidate the hypothesis of a rebound. A daily close below 1.2760 would mean the end of the upward phase started in early June.

Mathieu Burbau
© Zonebourse.com 2012
share with twitter share with LinkedIn share with facebook
share via e-mail

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Duration : Period : Day
Euro / US Dollar (EUR/USD) Technical Analysis Chart | EURUSD | 4-Traders
Duration : Period : Week
Euro / US Dollar (EUR/USD) Technical Analysis Chart | EURUSD | 4-Traders