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Global Interest Rates
Australia	5.25%
Canada	2.25%
EMU	3.25%
Japan	0.3%
Swiss	1%
England	3%
US	1%

Data by fxstreet.com

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Forex Center > News > Technicals

EUR/USD slowly moves to 1.60 again

Forex Daily Strategy by FS Team

22 Jul, 2008 @ 01:25 am EST

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EUR/USD (1.5925)

European & US sessions forecast levels: 1.5830/1.6040

Trend Sessions: European: Neutral/Upward

US: Neutral/Upward

Market Focus:

Daily Strategy: The dollar lower on the forex market due too the bank worries. There are not key economic events today. The speculations and worries about the situation in US bank sector will move the dollar close to the record trading level against the euro. We can see again the levels above 1.60 today or tomorrow. At the end of the week there are important events from the Euro Zone and USA that probably will push the dollar to new record low levels against the euro. The trading strategy today is opening long positions.

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EUR/USD slowly moves to 1.60 again

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