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About LinkBacksAnalysts at Barclays Capital claim that higher German yields seem to be very positive for the European currency stimulating its broad-based advance.
The specialists note that for some time EUR/USD was trading today above the top of the daily Ichimoku Cloud at 1.3625. If the pair manages to close the day above this level, it’ll be able to strengthen to the monthly Cloud top in the 1.4180 area.
According to Barclays, bullish pressure will be maintained above 1.3460. Intraday support comes in between 1.3540 and 1.3525.
Chart. Daily EUR/USD
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01-24-2011, 05:24 AM #1
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FBS Holdings: euro will gain if it closes the day above $1.3625 (Barclays)
FBS Holdings Inc. is an international brokerage company that provides its clients with access to world financial markets – forex, CFD, futures.
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