The analytical experts assume that the US economic position will be decreasing in H2 of 2010, since the US GDP declined by 1.4% from April to June 2010, which is lower than the primary forecasts made by the expert a few months ago, in July 2010, which was a growth by around 2.4%. The indications show unfavorable situation – low employment uprise, sluggish stock and property markets, narrowed public spending and higher interest in saving money in the bank and accelerate debt repayment, all this things will demonstrate the deceleration of the US economic advance. It is foreseen that the economic growth in the United States will continue to slow down till the third quarter of this year 2010. Nouriel Roubini, an economist who was awarded Nobel Prize, wrote in his twitter that economy of the United States will only grow by less than 1%, this would increase the risk probability of a double dip recession up to 40%. If these forecasts prove right, it seems the US dollar will rise in the EUR/USD currency pair, though it can decline amid the US economic stance.
The important intraday trading level for today are:
Breakout Buy level : 1.2814.
Strong Resistance : 1.2807.
Original Resistance : 1.2794.
Inner Sell Area : 1.2781.
Target Inner Area : 1.2751.
Inner Buy Area : 1.2720.
Original Support : 1.2708.
Strong Support : 1.2695.
Breakout Sell level : 1.2688.
