Bernanke is the reason for the low dollar today.
Forex NewsThe dollar was set at new cycle of pressure after Ben Bernanke speech on housing and monetary policy. The top economist is not cared about the low dollar and the actions about the U.S. economy seem not suitable for the low dollar. The forecast for the end of week trading is new low dollar levels against the euro. Test of the levels 1.37 and above are expecting. The forecast today:
Open long EURUSD @ 1.3630/45 Target @ 1.3745.
