The couple EUR/USD, the most liquid of all the pairs of the Market Forex, at the beginning of the session of trading Asian quoting in the levels of 1.4240 - 1.4245, which corresponds to the highest levels of this year.
During the last two weeks the EUR/USD from 1.4055 to 1.4245 was negotiated in the range, and up to the moment this one respecting this Range in his price, since it is estimated in the following graph.
On the other hand, in an image of great vision, we think that there is a line of downward trend (yellow line) with the one that us is possible to join three key points that are:
a) The historical maximum of the EUR/USD of July, 2008 (1.6038)
b) The maximum obtained in the year 2009, in November (1.51436)
c) The current price in the zone of the 1.4240.
Therefore, the Euro this one passing along a moment of important decision in his price with regard to the American Dollar, where everything indicates that the advertisement that there should do the ECB the next Thursday at 13:45 should mark definitively the trend that follows the Community Currency.
Meanwhile, like the Market clearly betting this him on a raise in the Rate of Interest that nowadays is 1.0 %, which we will continue seeing in the following meetings is the appraisal of Euro with regard to the American Dollar up to levels that well could rise to covering the GAP that was given between the second and the third week of the year 2010 and that has not been covered yet.
In case Mr. Jean Claude Trichet not of to knowing for what they all wait (a raise of the Rate of Interest to 1.25 %) and on the contrary this Rate continues in his current value, we will see a sudden depreciation of the Euro up to levels that well could cross to the fall the psychological value of 1.40.
