Today in the foreign exchanging market we going to look at the EUR/USD currency pair. As dollar still struggling low, favoring the euro to retest the 1.5 resistance level in December 2009.
Despite the ongoing dispute of uncertainties on the Greek debts issues, the Euro continues towards newer high. With the US loose money policy of near zero interest rate and the expectation of Euro increasing its interest rate, outcast the negative sides pushing it towards newer high. Some resistance is to be expected at 1.49 and a stronger resistance at about 1.5 with current support level of 1.4820.
For more analysis see the Euro/Dollar forecast
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