The dollar gains may stop temporary before new test at 1.3585

By IBTimes Staff Reporter | 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.

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