Here is an intrday important trading area for this currency today :
Breakout Buy level : 1.3640.
Strong Resistance : 1.3632.
Original Resistance : 1.3619.
Inner Sell Area : 1.3606.
Target Inner Area : 1.3574.
Inner Buy Area : 1.3542.
Original Support : 1.3529.
Strong Support : 1.3516.
Breakout Sell level : 1.3508.
Market Overview :
U.S. Dollar depreciated against other major currencies. The disapoointing consumer confidence data, published yesterday, reinforced the opinion that the U.S. Federal Reserve will realize the quantitative easing program in order to recover its economy. Funds needed for economic recovery is expected to reach 1 trilion. The current U.S. policy will negatively affect the budget so the market will continue selling of the U.S. Dolar. It seems the dollar will weaken against other major currencies. Sluggish U.S. economy will still force traders to sell the dollar.
