India Forex Advisors / Market Commentary / 10_Aug_2010

10 August 2010 @ 03:54 am EDT

Euro is currently trading at 1.3153 levels. The euro corrected against dollar a bit vis-à-vis yesterday ahead of FOMC Policy Meeting today and overbought conditions in the chart. Pair dipped after the Japanese government kept its assessment of the economy unchanged. Big market movers for today include rate announcements by BoJ and Federal Reserve. Overall trend remains bullish with some corrections due till 1.29-1.30 levels. Medium term Bullish

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