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Attack of EUR/USD of 1.4950 in very short time is expecting

By:

FS Team

27-11-2007

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EUR/USD (1.4849)

European & US sessions forecast levels: 1.4765/1.4955

Trend Sessions: European – Upward/Neutral

US – Neutral/Upward

Market Focus: 10:00 AM Consumer Confidence, 4:00 AM German Ifo Business Expectations Index, German Ifo Business Climate Index, 1:30 PM Chicago Fed President Evans Speaks.

Daily Strategy: The trader’s expectations continue into the direction for 1.50. But at the levels of 1.4880 many traders start to sell euro for dollars. This level not seems strong and we predict successful attack in very short time. For today we recommend to open long positions as buy on dips. If the trading break above 1.4880/85 the dollar will fall to the record levels of 1.4950.

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Next Analysis: Risk aversion re-enters the market. Credit issues linger. USDJPY reaches multi-year lows

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