Do you trade Forex? USD has continued it downward trend since March. US Treasury Secretary has hinted recently that the green note is important to the US and definitely they won’t like to see it continues to fall.
But now, the question is : Is it now the Time for USD to rise again?
USD May Find Support Soon
I am looking at the USD-EUR chart and I see that USD seems to find a support now at the region of 0.66452. USD-EUR seems to be testing this support in the last few days. It is important to observe how well this support can hold.
If the support can endure the downward forces and hold well, there might be a possibility of trend reversal coming up soon.
Let’s keep a close eye on USD-EUR now!
USD-EUR Nov 2009
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
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