December 28,

Euro, material difficulties and thin moving


Asian time on 27th also the euro has been in a materials shortage and has no sense of direction.

The euro / dollar during the day traded in the 1.1855-88 range. But overall there is no movement and even after the European dealers have entered for the first time in five days it can not get out of the range of Tokyo time. However, as the sticking price continues, Euro/ dollar has been keeping the lower price the middle of December, it has been raising it and is approaching 1.19 again. After that, as Asian dealers will be entering the holiday mode of New Year, and there are many market participants who are also on vacation in Europe, and now an adjustment transaction for the New Year.

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