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On the forex market there is again new pressure against the dollar
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EUR/USD (1.4674) European & US sessions forecast levels: 1.4580/1.4750 Trend Sessions: European – Neutral/Upward US – Neutral Market Focus: 8:30 AM Treasury Secretary Paulson Speaks. Oil Prices and the rumours about US housing sector crisis. Daily Strategy: The dollar is under pressure by the high oil prices and the concerns that the crisis with the oil and US mortgage sector will deep. For today the expectations are for trading up above 1.47. There are chances for test of 1.4750. The break above 1.4750 will signal 1.50 to the end of December 2007. The trading strategy today is open long positions, as buy on dips. USD/JPY (110.44) European & US sessions forecast levels: 109.40/111.15 Trend Sessions: European – Downward/Neutral US – Neutral/Upward Market Focus: Daily Strategy: The yen will continue slowly to take advance against the dollar today. It is expecting break below 110 levels today. At the levels below 110.00 the dollar will find support but for the moment this support is not strong and the yen gains could continue. As overall we recommend opening long positions at the levels below 110.00 today. Next Analysis:  Related Products  Price: $ 49.95 Overview Adaptation is the name of the game in long term trading success. Join Fernando Gonzalez ...
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