NEWS / Foreign Exchange

The traders wait before the new test above EURUSD 1.45

The dollarwas flat during the first business day for the week. One of the news supportedthe dollar was the release of ISM Services. The traders will wait for newsignal that the U.S. economy is close to recession to start new race of euro upto 1.47. Some of the traders are tired to race up and up and will be waitingfor momentum. After 4 consecutive weeks of dollar loses against the euro thisweek will be not exception and almost all investors predict new low levels ofthe dollar. For today just not significant dollar recovery as is needed breakbelow 1.4440 and then 1.4400 to see more deep recovery. In World-Signals.compredict very difficult test below these levels with higher chances for movementback above 1.45 for EURUSD.