|
|
发表于 2010-4-14 01:15 PM
|
显示全部楼层
Citigroup Inc said that the euro is “set to explode” against the U.S. dollar as its most recent losses form a bottom.
The currency which is used by 16 countries fell to a 10 month low of $1.3268 on March 25th, only to rally a week later. However, the value of the euro dropped again to $1.3283 on April 8th, forming what they referred to as a “double bottom.” The analysts wrote they were adding bets at $1.3590 with a $1.3490 stop loss.
“A base may be forming here,” wrote chief technical analyst Tom Fitzpatrick in a note distributed to clients today. “We are going long in our tactical portfolio.”
The euro rose as high as $1.3628 today in New York trading after closing yesterday at $1.3592. The euro has closed below its 55-day moving average every day since December 7th.
Last April, when the euro reached as low as $1.2921, “everybody was bearish and making excuses for parity,” according to the analysts.
“This seems ‘déjà vu’ to us now as the market attempts to pick holes in anything that could be euro-dollar bullish,” they wrote. |
|
狗仔卡
发表于 2010-4-14 01:06 PM
