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The dollar falls as US recession deeper
Category: Forex Forecasts & Signals
Posted by ForexNewsAgency on December 29, 2008 at 12:42 AM
ImageEUR/USD (1.4208)
European & US sessions forecast levels: 1.4090/1.4315
Trend Sessions: European: Upward
US: Neutral/Upward
Market Focus: 2:45 AM France GDP.
Daily Strategy: The last few days of year 2008 will dominant the news for US consumer spending. Most of the Americans cut the expenses for the traditional shopping during the Christmas holidays. The recession causes most of the people to buy carefully the most needed. The dollar continues to lose as the recession in USA deeper. The dollar today may continue fall against the euro to the levels above 1.43. The trading strategy is opening long positions, as buy on dips.
Forex Forecast by FS Team

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