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The EURUSD is possible to turn back above 1.56 very fast

By:

Peter Mill

24-03-2008

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The dollar is again under pressure after the new recovery during the Asian session. Although that Europe celebrates the Eastern the market is very dynamic in low volumes. The rumors for deeper crisis and possible intervention far above the current trading levels push the speculations to open again new long positions. The traders continue to trade against the dollar said George Marshal analyzer in World-Signals.com. We can see fast trading move within two days to the records of 1.5905 add Mr. Marshal. The chances for continue of the dollar recovery decrease hour after hour. The expecting key U.S. fundamental events probably will push the dollar up above 1.56 till the end of Tuesday.

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