EURO

Euro-Zone economic fears are liable to increase while pressure for central bank intervention will increase at levels near 1.50 while politied protests against euro strength will increase.Market will want to attack the 1.50 level against the Euro but there will be risk of a futher sharp correction and there are still clear danger in buying the Euro at levels above 1.4850 Euro-has increased the value of rupee in the open-market last week