The euro may be adjusted higher

Euro / dollar continues to put pressure Ofer near $ 1.3365, and dealers say that the purpose of the bulls is the resistance near $ 1.3380, where the neckline inverted head and shoulders visible on the hourly charts. After her expected large feet, and dealers noted that the tug could trigger a cascade of higher liquidation of accumulated short positions, opening the way to $ 1.3475, and potentially to $ 1.3550. They also note that the positive effect of the euro have rumors that the IMF, according to media planning to increase the amount of funds from the current $ 630 billion to $ 1.3 trillion. May, if necessary, to create a SPV, which would have involved purchases of Italian and Spanish bonds on both the primary and secondary markets. According to dealers, the risk of correction in the short term the euro has increased, and traffic can be quite sharp. Nevertheless, they continue to doubt that it will be sustained, taking into account the inability of Europe's political elite to develop a solution acceptable to all, maintain a high degree of uncertainty.