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ECB signals send the dollar at new pressure

By:

FS Team

27-12-2007

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EUR/USD (1.4509)

European & US sessions forecast levels: 1.4400/1.4555

Trend Sessions: European – Neutral/Upward

US – Neutral/Upward

Market Focus: 8:30 AM Durable Orders, Initial Claims, 10:00 AM Consumer Confidence

Daily Strategy: The dollar is again under pressure against the Euro after the holiday speculations for the end of the dollar recovery and the signals by ECB to raise the interest rates with the high inflation. The trading strategy today is opening long positions as buy on dips movements.

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