The dollar may test 1.2145 in a short time

By IBTimes Staff Reporter | May 26 2010 1:29 AM

EUR/USD (1.2282)European & US sessions forecast levels: 1.2145/1.2670Trend Sessions: European: Neutral/DownwardUS: Neutral/DownwardMarket Focus: 8:30 AM Durable Orders, 10:00 AM New Home Sales, 1:45 AM France INSEE Business Confidence. Daily Strategy: The dollar remains strong against the euro in spite the temporary upward correction during the U.S. session. The time when the dollar will tests the levels below 1.2145 closer. It is expecting successive test below 1.2145 in a short time. The trading strategy today is to open short positions.

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