The rise of USD

On Tuesday, February 02, 2010, there is not very much of Forex news to be released. Some investors and Forex signals providers will be waiting for the announcement of the data on Euro-zone Producer price index, German retail sales and, of course USA pending home sales. The RBA cash target announcement in Australia doesn’t seem to have great impact on the situation on the market. In accordance with that, it could be admitted, that EUR/USD can go down again and return to the point of 1.3850. GBP/USD is likely to fall as well and might be trading around the point of 1.5900.

Read the full version of the analysis here: USD comes on again!