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The dollar probably will continue rise against the euro today
Category: Forex Forecasts & Signals
Posted by ForexNewsAgency on February 1, 2010 at 12:23 AM
EUR/USD (1.3875)
European & US sessions forecast levels: 1.3760/1.4105
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 8:30 AM Personal Income, Personal Spending, 10:00 AM Construction Spending, ISM Index, 2:45 AM France PPI, 3:55 AM Germany Manufacture PMI.
Daily Strategy: The dollar continue rise against the euro following the tendency by the last week. The rising problems in the Euro Zone are one of the factors cause weak euro. There are some positive signals in United States that support the dollar. This week at the end is the most important jobs report. The markets expect any rumors for the Non-Farm payroll and Unemployment Rate. The trading strategy today is to open short positions as sell on high movement.
Forex Forecast by FS Team

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