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Category Forecasts

Title

The dollar may turn the losing tendency this week

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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 12 2010 5:30AM GMT

Header

EUR/USD (1.2602)
European & US sessions forecast levels: 1.2165/1.2720
Trend Sessions: European: Neutral/Downward
US: Neutral/Downward
Market Focus:
Daily Strategy: The dollar start recovery since Friday that probably will continue today. The dollar loses too much in the recent few weeks, as this space will be using by the investors to buy dollars again. The trading strategy today is to open short positions. Currently the key resistance is at 1.2720 as the chances for break above are low.

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



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