The Euro continues to advance higher versus the U.S. dollar setting fresh record highs constantly. The overall sentiments on the greenback remains extremely weak with EURUSD scoring new record highs above the 1.56 mark. With such strong momentum on the Euro we won’t even get used to writing “1.5xx” until the pair will be already into the 1.6 zone. The downside risk is high at current levels due to potential Central Banks interventions but while uptrend is intact, any retracements would be

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This entry was posted on Friday, March 14th, 2008 at 5:03 pm and is filed under Forex Trading Strategies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.