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Category Forecasts

Title

EUR/USD trading may back to 1.30 in a short time

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Frequency Daily
Category Forecasts
Area Europe
Download Report Not Specified
Company Name ForexStrategy Team
Website Name www.forex-strategy.com
Time Submitted Jul 7 2010 5:38AM GMT

Header

EUR/USD (1.2596)
European & US sessions forecast levels: 1.2165/1.2660
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 6:00 AM Germany Factory orders.
Daily Strategy: The stabilization of the European Union finances pushes the traders to back to the euro. It seems that the pressure against the dollar rises and we can see level up of 1.30 in a short time. The dollar losses are more than a 700 pips for a month. The disappointed data in United States also support the euro to recovery. For today is expecting continue of the euro rises against the dollar.

Forecast by FS Team - For more forecasts and signals visit - www.forex-strategy.com



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