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The lower support of EUR/USD was at 1.3080

Discussion in 'Forex Discussions' started by ikonforex, Jan 5, 2011.

  1. ikonforex

    ikonforex New Member

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    The forex strategist of BNZ, Mike Jones said on Thursday that thanks to USD encouraged by the optimistic data on previous night, EUR/USD became the major objective that is attacked, because the euro is the biggest opponent currency of USD.

    The data revealed that the ADP employment of United State in December increased. Jones added that the self influence of debt crisis issue in euro zone is another reason for euro to be affected.

    Currently, the market holds optimistic attitude and expectation to the non-agricultural report that will be released on Friday, January 7, 2011.

    And EUR/USD’s direction in afternoon market also dependents on the guide of the data.

    He predicted that the support of EUR/USD was 1.3080 while the upper assistance was 1.3185.

    At Beijing time 09:25, EUR/USD was 1.3160/62.

    Edited By Sarah
     
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