euro making growing attemps

[Femi]

The euro is making attempts to grow against the greenback and has already edged up to the level at $1.4770, breaking a resistance at $1.4750/60, where stops are seen in the area of $1.4755/60. Despite of a report on a big size of euro buying during the European trading the euro gains did not rush up. Dealers spoke that demand of Asian sovereign accounts helped the common European currency to recover from a low at $1.4690, at the level at $1.4725/45 Near-Eastern investors showed interest for the currency. The euro buying was extended to the level at $1.4745/60. The next offers are at the level at $1.4780/85. (www.i-securities.org)