In currency trading the Asian session today (31-03), look euro currency weakened against the U.S. Dollar. Pair EUR / USD is currently engaged in the range of 1.3395.

Apparently the strengthening Euro against the U.S. Dollar is only brief. Although the EU’s agreement to help the Greeks gave a positive sentiment, the market still think it was just to create a conducive atmosphere for Greece to obtain loans with lower interest.

Until now there is no bailout to the Greek significantly, the market seems to try to force the EU to act, rather than just plans. Decreasing time for Greece, rates are still high in the credit market because investors are still quite pessimistic about the ability to pay in Greece. -The IMF also stated that they are ready to help if Greece submitted for help, but stay within the IMF rules, no policy is more lax. Both technical still the same, the Euro is still very susceptible to attenuation, 1.3000 level remains the target.

EUR / USD is likely to weaken to a nearby support at 1.3330 level. The strengthening euro may occur if the past level of resistance at 1.3485 to the 1.3535 level.