Dollar fails to maintain the gains

Dollar fails to maintain the gains

Inability of the U.S. dollar to maintain the gains made on Tuesday after arriving to its highest level during the week. The Committee's comments did not succeed Federal Open Market of the support the dollar, despite many statements that pointed out that "many of the participants felt it appropriate to provide further financial facilities," If you can not stimulus plan to reduce the number of unemployed or reduce inflation. Thus, the higher the EUR / USD today during the Asian session near its highest level since 8 months about 1.3977. The pair GBP / USD has risen and the other is currently trading around the 1.5834 level.

Chart indicates that the EUR / USD was able to resume high yesterday and is currently trading around the 1.3950 level within the model is expected to continue rising today also targeting the 1.4000 psychological level is not affected if the husband signs the negative phenomenon on the Stochastic indicator. It is expected this day to range trading between 1.3890 support level and resistance level at 1.4150.