Euro aims to mark 1.38

Euro aims to mark 1.38

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Tuesday, February 18 most of the time were actively trading . Major currency pairs made ​​multidirectional movement. ” The euro / dollar , opening Tuesday at the level of 1.3705 , managed to reach the resistance level with the mark of U.S. $ 1,375 . Supporting pair had data from the German research institute ZEW”, – recalls bank trader ” Globex ” Artem Gites .

“The main currency pair seems is not afraid of heights – the euro / dollar breaks up , despite reports of the failed German ZEW, dubious foreign background and common moral disorder among market participants – says senior analyst ” Alpari ” Anna Bodrov . – Whether ” bulls ” have lost all sense of reality in purchases , whether the market is trying to climb up to then accidentally ” drop” the euro highs . “

Wednesday, February 19 , according to A.Gitesa , may be the most important day of the week . Britain will vote on the rate. Just the country to publish data on unemployment . Switzerland will provide data on the index of investor sentiment from the research institute ZEW. U.S. will report on retail sales , as well as the baseline PPI PPI. According to the expert , the currency pair EUR / USD at the current exchange rate of U.S. $ 1,375 , prevailing at 13:00 MSK , in the case of positive data will try to reach the level of 1.38 . Otherwise, it can be rolled back to the area of $ 1,371 and below A.Gites added .

” In any case against the dollar while playing pause pending in folding QE3 – scheduled for publication in the ” minute ” of the Federal Reserve System ( FRS) the USA by the end of January meeting will be to find the most likely direct references to the desire to postpone the new regulator abbreviations – considers A.Bodrova . – what exactly happens in the U.S. economy , the Fed does not explain , but it is clear , and so all those measures that were aimed at the revival of monetary turnover , stabilization of the labor market and other important moments of the U.S. have already been implemented , no more effect QE3 gives , and it’s time to turn off the U.S. economy from the ventilator . in this light, it is likely that before the publication of the January Fed protocol at 23:00 MSK market will continue to buy the pair euro / dollar. Target Wednesday – 1.379 ” .

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