Slowly but sure the dollar lose new pips.
Forex NewsSlowly but sure the dollar lose new pips against the euro. After the report for U.S. New Home Sales the rumors was confirmed that the crisis in the housing sector is deep. The forecast is for test of the levels of 1.42 tomorrow ahead the key reports for Personal Income and Spending. The forecast here in World-Signal.com is the crisis to continue till the end of 2007. The Fed will cut still once the interest rates. Even is possible new aggressive benchmark interest rates cut with half percent.
For the coming Asian session the forecast is EURUSD long @ 1.4135/45 target 1.4180 and recovery back to 1.4135 again.
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