LiteForex EU (ex Mayzus) - Analytics

LiteForex EU (ex Mayzus)

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10 June 2015: EUR/USD: general analysis

EUR/USD: general analysis





European currency is traded upward against the American currency; this week Euro has reached the level of 1.1291. Euro is supported by the news that Greece presented to its lenders the second plan of resolving its economic problems. If the package of reforms is approved by EU, Athens will receive financial aid to pay off its debts. It is planned that the required funds can be diverted from the European Stability Mechanism ESM for redemption of Greek bonds in the amount of 6.7 billion euro. Earlier, Greek has already paid off the debt in the amount of 10.9 billion euro, which has been allocated to save the country’s banking sector. This time Athens wants to get back 1.2 billion euro.
Today, industrial production index of France will become known. If the index amounts to 0.4%, both, Euro and the pair EUR/USD can reach the level of 1.1353.

The nearest resistance level is 1.1353 (5/8 Murray). Support level is 1.1230 (4/8 Murray).

This website/communication is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. It has been prepared by Mayzus Investment Company Limited without taking into account any particular person's objectives, financial situation or needs. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Past performance is not indicative of future performance. The future value of your investment may rise and fall with the changes in the market.






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