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Dah Sing Bank Analyst: Charts Show Euro's Downward Momentum Increasing
Golden Ten Data January 13th News, Quek Ser Leang of the Global Economy and Market Research Department of Dahua Bank said in a report that the downward momentum of the euro against the US dollar is accelerating from the weekly chart. He pointed out that after the euro decisively fell below the destek level of 1.0333 at the end of December last year, it continued to weaken and is now approaching 1.0200. The strategist said that the euro against the US dollar may continue to decline, possibly falling to the integer destek level of 1.000.