EURUSD scenarios

The greenback currency declined against most of its peers. Last night after a so quite European trading session, the dollar started to weaken strongly. The dollar index tumbled after Bernankesaid the US economy still needs stimulus because the inflation and the unemployment rate show the weakness of US economy. This yesterday meeting can affect on longer term on the dollar, so today we are going to have a very choppy day. What we see now the 20 days dollar strengthening period is over by now.

The greenback currency declined against most of its peers. Last night after a so quite European trading session, the dollar started to weaken strongly. The dollar index tumbled after Bernankesaid the US economy still needs stimulus because the inflation and the unemployment rate show the weakness of US economy. This yesterday meeting can affect on longer term on the dollar, so today we are going to have a very choppy day. What we see now the 20 days dollar strengthening period is over by now.

Technically the EURUSD could make today correction back test the 1.3000 level, but after could recover again, I bet on the bullish trend until end of this month.

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