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Forex Analysis: EUR/USD grew above 1.24 to the new highs

Forex Analysis: EUR/USD grew above 1.24 to the new highs

EUR/USD grew above 1.24 to the new highs

10 December 2014, EUR/USD

Euro

The euro has grown against the dollar and has finished the session with a growth. We expect that the Germany’s trade surplus rose up to 19.0 billion in October with 18.5 billion euro and in France it fell down to -4.1 billion against-the earlier 4.5 billion euro. The EU finance ministers’ meeting is already planned where the ECB representative will act. The overvalued pair provoked a rebound above 1.2250-1.2270 after it had tested this level. Thus, the euro was able to recover to the level of 1.2350-1.2370.

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