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Forex Commentaries and Forecasts

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Expecting EUR/USD at 1.50 this week

Mon, Nov 26 2007, 06:50 GMT
by George Marshal

World-Signals®  |  View company's profile


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The dollar was across the board since Friday and continues to take ahead this early morning. But this process is temporary, as most of the traders will prefer to sell dollars at these low levels having a mind the record from Friday. Many traders believe that the dollar will fell at the levels of 1.50 and would not stop to lose against the major currencies. World-Signals.com recommends coming into long positions of EUR/USD with target above 1.50. The level of 1.50 has to see this week. The chances for continue dollar recovery like the recoveries from Friday afternoon are very low.

Published on  Mon, Nov 26 2007, 06:50 GMT


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