The euro is still up space

The euro/dollar fell slightly on Monday. Germany's parliament house of Commons approved the Greek second round scale is 130 billion euros ($175 billion) rescue plan, although the German has always to Greece to reform package can perform and control their quarter measures uneasy. This news support the euro, but Moody's Moody 's (in) released weekly credit outlook report last week, the euro area reached the second round of the Greek assistance agreement further provided financial and technical support, but restrict still exist, Greece default risk is still high. At the same time, international standard &poor's, a rating agency announced it will European financial stability fund (EFSF) rating prospects from "development" down to "negative", says the EFSF may not be able to get enough capital to support its debt rating letter. The above message down the euro fell. In addition, European and American stock market across the lower, the market risk preference fell, investors selling the euro currency risk.

After watching, the overall European debt crisis relieved, at the same time, global economic prospects improve, risk emotional picks up, the euro upward tendency, but with the European debt problem repeatability and complexity, up the space is limited.

This day (February 28) and earlier in the session, the exchange rate at 1.34 up near concussion. Europe and the United States period of time, the euro area will be released

Germany 2 month consumer price index initial value, the United States will be announced by January orders for durable goods, feb. Richmond DE fed empire manufacturing index.

The euro/dollar 4 hours figure

On February 28, trading strategies:

Days after direction: partial strong. 4 hour graph shows, technical index shows up trend MACD, RSI high up in shock, short line partial strong dollar.

Operation Suggestions: careful do much, target 1.3500, 1.3320 stops.