Tuesday, February 9, 2010

Fundamentals versus technical analysis

Euro Gains Against U.S. Dollar, Yen as EU Says It Can Support Greece The euro rose the most in more than three months versus the dollar as European Union officials held out the prospect of aiding Greece if the country made progress in reducing its budget deficit.
Euro to Drop After Forming `Dead Cross' Against Dollar: Technical Analysis The euro may fall toward a 15-month low against the dollar after forming a so-called dead cross, said Tsutomu Soma, a bond and currency dealer at Okasan Securities Co. Ltd. in Tokyo.
Euro Still Looks Like the `Sickest Dog in the Litter,' May Drop, RBS Says The euro risks further weakness after dropping below “key” technical levels, according to Royal Bank of Scotland Group Plc.

Comment: As of now we'll stick with the analysis that high volatility is ahead with no clear trend.

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