FX.co ★ The Analysis of the Market Manipulations with EUR/USD for September 8, 2010

The euro decreased amid the concerns about the condition of the European banks. In accordance to the technical analysis the currency was not able to puncture the resistance and reacted with a decline from the events on Friday. Now the euro is located near the strong support levels though there is no significant demand from them. Thus, if there is the growth, it will be in the form of the correction to the decreasing movement.
Trading recommendations:
- Currently we can buy short-term at signs of the escalation