The dollar gains may stop temporary before new test at 1.3585

 @ibtimes
on February 09 2010 1:33 AM

EUR/USD (1.3706)European & US sessions forecast levels: 1.3585/1.4025Trend Sessions: European: NeutralUS: Neutral/Downward    Market Focus: 10:00 AM Wholesale Inventories, 2:00 AM Germany Current Account, Trade Balance, CPI, HICP.Daily Strategy:  The euro holds the dollar on Monday. The current key euro/dollar support level is at 1.3585. The chances for break below are high but we can see correction up to 1.38 first. The Germany data at 2 AM today is very important. The situation in Euro Zone is the other key element for the traders. The problems in Greece are deeper as the signals are not good.

Share this article

More News from IBT MEDIA