Battle between Trichet and Bernanke!
Bernanke responding that tightening the monetary policy will help keeping the USD strong, this coupled with positive US releases gave a boost to the USD, for ex-the eur/usd is now trading around 1.4730!!
Coming up this week; Trichet’s response about the recent bullish trend of the euro amd his expectations, and CAD important news to be published traders should expect for interesting fluctuations…
resistance for the eur/usd at the end of the week??
what do you say,
I predict a very very nice trading week…
The trend is reversing for this mid november week
here are some important levels:
eur/usd
Bearish
long term trend:
1.5098
1.4460
short term trend:
1.4913
1.4875