The tendency for weak dollar probably will continue

April 11, 2011 5:28 AM GMT

EUR/USD (1.4462)
European & US sessions forecast levels: 1.4060/1.4485
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus:
Daily Strategy: The dollar remains weak against the euro. The tendency for weak dollar probably will continue this week. FS Team expects slowly dollar recovery today but as overall the euro will remain in a rising position. The trading strategy today is to wait for a good bottom then to open long positions. It is expecting the euro/dollar trading to not move below 1.4400 today.

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Daily Summary on USD, Euro, GBP, JPY, CAD, AUD and NZD

The dollar is mixed this morning, falling lower against many East Asian and Scandinavian currencies while pushing back to the top of its recent ranges against its other major counterparts.

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