The euro is once again testing the resistance placed at 1.3750 against the dollar. Despite the tensions of international politics, whose impact on the cross was content to fall on Friday when the rebellion in Egypt has probably reached its peak , the euro showed a significant must overcome the barrier and if the above mentioned could move towards the psychological threshold of 1.40 .
The movement of these days is after all a physiological consolidation, which occurred after the race the last 20 days that led the change to gain almost 900 pips , from 1.2880 to 1.3750 today on January 10 .
The main factor of this power lies in the gap of short-term rates , with a spread between (and growing) and U.S. Libor (Still from temnpo) that is increasing is currently close to 80 basis points.
Another important driver for the euro is a good time overall stock market, of which we will discuss prospects in the near future.
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