NordFX afternoon assessment the euro has downside risks to support the day to see 1.3750

1.3757 euro offer midday, down 0.07, opening 1.3767, at high 1.3779, at low 1.3745

strong recent performance of the euro against the dollar, this is not a coincidence, spreads, Trend data and the three factors of RMB supported the euro. The focus of the market gathered at tomorrow's ECB rate decision and Friday's U.S. payrolls data, markets The European Central Bank is widely expected to keep rates at record low of 1%, due to inflation in the euro area level is far above the ECB target The market is expected to strengthen its anti-inflation Trichet remarks may be the wording.

hour chart shows technical indicators MACD shows down, RSI retracement to 50 below, the exchange rate weak. Technically in the euro fell short trend, there are further down days also possible, but the range of commodities remain high, short-term trading to take advantage of the range of 1.3700-1.3850 for the good days of concern about resistance: 1.3790, 1.3720 support the concern, 1.3680.

daily chart shows that the euro today, will test a low risk of 1.37000. Investors are cautioned that the support level of 1.37500, the exchange rate valid if this bit below the target as you can see near 1.37000, long short-term investors can do more in this. If the dollar continues to move down, then the low of 1.36500 can be seen nearby. If you hold today's low of 1.37500, 1.37500 ~ 1.38500 investors can put between the high-low Zha, short-term trading.

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