NEWS / Foreign Exchange

Forecast for the EURUSD trading

The dollar fell to new 2-years record and is close to the record highsince the euro operation of 1.3668. In spite the positive US Trade Balance datathe dollar remain at the levels above 1.35. The expectations continue for weakdollar in the coming weeks. The losing dollar is like a balloon now. There areso clear fundamental reasons for the so weak dollar against the euro. Thetraders speculate making huge profits, but when the profit taken start thedollar will make at least 250 pips recovery for few hours. But still thesespeculations will continue and we are targeting the levels above 1.37.