set on futures markets, speculators continue on an appreciation of the euro against the dollar. Thus saith the positive balance of EUR / USD Purchase contracts and sales contracts of speculative accounts in favor of the European single currency. However, the surplus in comparison to last week of +39,934 to +34,734 contracts has declined slightly.
€ The modified price performance to the dollar in the past trading week, the bottom line barely. Thus, the euro exchange rate was $ 1.3618 in trading in Asia on Monday opened and closed at $ 1.3600 on Friday evening marked the American currency trading. In the first half of the week dollar rate climbed € 1.3742 and then fell intermittently on EUR / USD 1.3497.
good economic data from the United States have supported the greenback. Thus, the initial requests were falling on unemployment benefits to 383 000 predicted significantly more than. By the University of Michigan consumer confidence climbed determined from 74.2 points to 75.1 points, reaching an eight-month high. The U.S. deficit in international trade in goods and services has lain with -40.6 billion in line with expectations for the month of December 2010.
EUR / USD technical analysis
Despite the positive economic development in the United States in particular, expect chartist with a renewed appreciation of the European single currency. For example, there are between EUR / USD 1.3450 and 1.3480 is a particularly important support level. The dollar is not currently appearing in a position to be that € compromising support.
Therefore it is likely that the euro dollar exchange rate should continue its current uptrend. The euro exchange rate was 1.2874 climbed to $ 1.3840 from the 10th January 2011 and the 2nd February 2011. This enabled the European single currency value to nearly ten cents and found an increase in value of +7.50 percent.
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