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[17 Jun 2009 | No Comment | 221 views]
The euro against the U.S. dollar may be a new low of transitional

Mizuho Corporate Bank  Wednesday said that the euro / dollar hovered at the top of the potential head-and-shoulders above the neckline, is expected to form a new transitional low, may be located between the 1.3600-1.3800 region.
At the same time, the bank said that the euro / dollar above trend may be a slow and complex process, the completion of A, B, C wave amendment may take about two weeks.
07:18 U.S. time, the euro / dollar at 1.3838/43.