EUR IS NEUTRAL

Jul 06, 2012 06:14 am

haney398 User

Antworten: 21
Member since: 05/07/2012

Despite the expected rate cut by the ECB, EUR weakens on disappointment that Draghi was worried that
some risks to growth have materialised but had refrained from hinting any future easing

Market Highlights and Technical Analysis
06-Jul vs USD 1.2391
Daily change: -1.04%
Daily high: 1.2538
Daily low: 1.2362
Support*: 1.2253
Resistance*: 1.2638
(-) ECB cute rates by 0.25% in July
(+) EU agreed to offer Spain a rescue package of Euro 100 bil

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