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News:
The dollar may continue lose before strength again
Category: Forex Forecasts & Signals
Posted by ForexNewsAgency on March 8, 2010 at 12:15 AM
EUR/USD (1.3674)
European & US sessions forecast levels: 1.3455/1.3840
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market Focus:
Daily Strategy: The better than expected U.S. jobs data do not help to the dollar on Friday and Monday open. The traders trade against the positive news for the U.S. economy. It is expecting the effect of the dollar strength to continue not more than two days. It is close the time when many traders will turn the positions into short as it is possible to happen even today.
Forex Forecast by FS Team

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