After the new record of EURUSD today at 1.3928 during the morning European session the dollar is on the way to make recovery against the Euro and Swiss Franc. The most of the technical indicators are into signal of opening short position. The market already generated most of the negative influence over the U.S. economy by the slowing growth and the negative reports by U.S. jobs sector and interest rates cut. At the same at these record low dollar levels many traders prefer buying cheep dollars and to sell after the FOMC meeting when the effect by the cutting interest rates will start to feel on the market and on the mortgage sector.
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