Pessimism among investors negates attempts to correct the euro higher

In the Asian session the single European currency managed to stabilize, but the profit was very lethargic bears, and the couple can not boast of significant achievements. Currently, she continues to carefully test Ofer near $ 1.3225/35, feeling the support from the Bank for International Settlements, but the dealers pay attention to the fact that the tone of trading is not too positive. Euro, according to them, looks a little oversold, but have signs of abating the downward momentum is not there, and they warn that the threatened test in the coming days is to support near $ 1.29. Dealers do not rule out a profit in the short term, but doubt that the recovery of euro / dollar will be significant, given that the lack of progress in settling the debt problems of Europe and the growing concern about the global economy supports the interest of investors to buy dollars at the slightest attempt to weaken . Small foot visible at around $ 1.3235, but around $ 1.3250 expected good Ofer; larger, meanwhile, are located in the vicinity of $ 1.3280/85 (stops trace) and in the $ 1.3300/10 with stops above.