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Forex Pub Report, September 6, 2005 |
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On EUR/USD
The increasing supply of oil coupled with the oversold
condition of the dollar will boost the dollar, at least in the short
term. However, expect the dollar to turn around again and if the
Euro can rally back through
1.2515 it may test the 1.2590 highs and
beyond to perhaps 1.2660/80.
...and the experts say...
(www.easy-forex.com via fxstreetcom) - "Key resistance is seen at
1.2620 followed by 1.2680 while support starts at 1.2485 followed by
1.2395."
(www.saxobank.com/) - "EUR/USD did fall, but found support north of 1.2440. The robust rally
may continue if the pair can rally back through 1.2515, in which case
we'll look for a test of the 1.2590 highs and beyond to perhaps
1.2660/80.
"
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Forex Report