The dollar will continue rise using the moment of weak euro

By Fs Team
08 February 2010 @ 01:33 am EDT

EUR/USD (1.3623)

European & US sessions forecast levels: 1.3535/1.4025

Trend Sessions: European: Downward

US: Neutral/Downward   

Market Focus:

Daily Strategy:  There are not key events today. The dollar will continue rise against the weak euro. The concerns about the expecting global tax on banks are one of the reasons for the end of risky appetite. The trading strategy for today and this week is to wait for any upward momentum to open short positions. The euro/dollar may break the level below 1.35 this week.

For more forex information, go to www.forex-strategy.com

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