The problems in Euro Zone like Greece cause weak euro

By IBTimes Staff Reporter | January 29 2010 1:32 AM

EUR/USD (1.3949)European & US sessions forecast levels: 1.3910/1.4105Trend Sessions: European: Neutral/Downward US: Neutral/Downward Market Focus: 8:30 AM Chain Deflator-Adv, Employment Cost Index, GDP-Adv, 9:45 AM Chicago PMI, 9:55 AM Michigan Sentiment. Daily Strategy: The Euro Zone budget crisis is one of the reasons for the dollar rises these days. The Greece fiscal situation is very big problem for the Euro Zone but the main concern come by the situation in Spain the fourth biggest economy in the Euro Zone. The dollar will continue rise these days, as the trading strategy is to open short positions on any upward correction.

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