The euro at $ 1.25 "in the coming days".

Keywords: Currencies, Euro, Dollar, PARIS, Pierre-Antoine Dusoulier, Saxo Bank.

Euro falls still more than 1.2% on Wednesday and 1.29 bar was taken down. The risks of contagion Greek Portugal and Spain in Europe weighed on a lot of coordination.

Contagion! A few months ago, the word was "googlized" to know everything about influenza A. Today, fears of contamination grow on another register: disease of Greek public finances could spread to other European countries,. The first set, Portugal and Spain.
If European countries are characterized by very marked national differences, sixteen of them had one thing in common: the euro, which suffers directly concerns at the global level, a spiral of bankruptcies of state rescue.
On Wednesday The euro hit its lowest level since April 2009At 1.2829 dollars (a decrease of more than 250 pips * from Tuesday), after literally broke the support of 1.3280 last week. "The next support is at 1.2450 dollar, Said the president of Saxo Bank Pierre-Antoine Dusoulier, and ensures that could be achieved very quickly, "in the coming days.
"In any case, the single currency does not go up beyond $ 1.32," says he. Based on the trades that have taken place on its currency trading platform - have been well "more than usual" - the boss of Saxo Bank found that the threshold was $ 1.3 broken yesterday for technical reasons: "those who were purchasers of the euro have sealed their position as they had placed a stop loss * at this stage, to avoid losing too much money," he says. By selling and mass, the euro has slipped a little more.
The next support is around $ 1.18. The euro would be back at its birth. For many analysts, it also constitutes a rate of exchange "healthy" for the European economy, which suffered a euro too strong to support exports.

The pound sterling heckled on the eve of elections:
Across the channel too, the issue of deficits is at the heart of political debate between Labour, Conservatives and centrists. Whatever the party going to win the general election on May 6, Budgetary measures will be taken.
The issue - economic - is more a question of "how a party could win, especially when the new government will tighten its fiscal policy." According to recent estimates, the deficit of the United Kingdom will reach 12% of GDP in 2010 and the debt grew from 40% to about 60% of GDP between 2008 and 2009. It could reach more than 90% in 2015!
On Wednesday, the pound symbol 1.5091 dollar.

* Definitions:
• Forex: for Foreign Exchange, or foreign exchange market
• Stop Loss: When you bet on Forex, one place "Stop Loss" to a point, which can loop a position automatically. They are positioned to "stop loss" if the exchange rate does not change in the expected direction.
• Technical Analysis: analyst or chartist. She studied graphic evolution courses. The research in the historical price behavior involved in a situation to predict the evolution of financial securities.
• Pips: Price Interest Point. Unit rating for foreign currency. It designates the last digit used: in the case of the euro, the fourth decimal place.
• Trend: trend.
• Support: value as the price has very little chance of crossing to the downside.
• Resistant: value as the price has very little chance of exceeding the rise.
• Cross or currency pair: when an investor deals on currency, he buys one currency against another. For example, the EUR / USD