more recently, as the European Union (EU) leaders to agree on a European sovereign debt crisis gradually integrity mechanism, at the same time the market on the European Central Bank (ECB) interest rise expected rising euro trend very prosperous under the multiple boosted by positive factors. This Thursday (March 24) and Friday (March 25), the euro is about to usher in a critical moment, " " peoples attention; opening EU Summit in Brussels, last more than 1 year of European debt crisis could be resolved, can resume sustained and rapid economic growth in Europe, at the same time the euro can regain market confidence is depend upon this one movement. Markets are waiting, looking forward to meeting to shed light on the fate of the euro.

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Monday (on March 21) , EU Finance Ministers will take effect after 2013 the European stabilisation mechanism (ESM) capital base and loan terms to reach a consensus, away from the integrity mechanism introduced European debt crisis a step closer, as well as provide a uplink of the kinetic energy of the euro.

on Tuesday (March 22) in Asia and Europe in early periods, the EUR/USD continuation high consolidation trend, and refresh the nearly 5-month high 1.4247, modest fall in early trading in New York to 1.418 line again after increase to above 1.42. Many analysts pointed out that in recent days, to be held later this week's EU Summit will play a key role on the trend of the euro, the euro to continue strong, this Conference must produce constructive results, and resolve Ireland on aid related articles.

as a country with the most funded assistance mechanisms, Germany's position will no doubt on the introduction of debt crisis measures played a decisive role. However, Germany Chancellor Angela Merkel (Angela Merkel) facing the pressure of domestic constituencies, markets will be particularly concerned about Merkel and Germany official stance.

Citigroup (Citigroup) Valentin Marinov, currency strategist in London, said: " If the upcoming EU Summit does not reduce aid loans interest rate agreed, then the peripheral countries of the eurozone bond yields down a positive impact on the euro will only be temporary. &Quot;

Marinov further pointed out that if the Summit did not resolve the Ireland aid reform articles, then would lose some of the recent support of the euro in the near future. Earlier, Ireland desire that made the loan interest rate cut of EU assistance, but pointed out that EU countries, cut its lending rates must be raised to Ireland corporate tax rate as a prerequisite, and Ireland the Government has been firm on this issue.

Citigroup expects the EUR/USD short in 1.425 line will encounter resistance, near 1.428 November 2010 highs for the euro will be a very strong resistance level.

interactive brokers Group (Interactive Brokers Group LLC) senior analyst Andrew Wilkinson said, market concerns over the debt crisis emerged again. At present, the European Central Bank is gradually moving towards a process of rising income, which would increase pressure on EU policy makers introduce solutions.

BNP Paribas (BNP Paribas) said the team, a strategist in London, Portugal and Finland's political situation may also make the euro under pressure. The Bank strategist team pointed out in a research report: " if Portugal opposition unwilling to compromise further austerity measures, before next month's general election in the country seeking European financial stabilisation mechanism (EFSF) will increase the possibility of assistance. &Quot;

also, next month's general election before Finland's political impasse is likely to further progress on the EFSF also have a resistance. Because Finland voters increasingly against the Fund, the Government for expansion of the EFSF also hesitate lending capacity to 440 billion euros.

00:46 ', EUR/USD 1.4195/97.

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