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If the EURUSD break above 1.4960 will follow 1.52
By: Peter Mill - 30-01-2008
0votesThe dollar is in very delicate situation close to the record low level against the euro. Any strong action by the traders will break the key resistance levels of 1.4960 and the trading will move above 1.50. The break of this psychological level will start real panic on the markets. The panic will move the dollar at 1.52-1.53 very fast. It is very important for the dollar to not beak above 1.49 in these days. The market is ready to accept new half percent interest rates movement down to 3.00%. But Bernanke is unpredictable and always surprises are possible. The U.S. economy still is possible to avoid recession said Peter Mill expert in World-Signals.com but it is necessary adequate actions of the Fed and Barnanke.
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