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My Forex Investment - July 26 - alert and ready ....

the dollar closed 0.9% higher against the Euro, the negative end of the Euro against the dollar marks a second consecutive week of weakening.

News of the European economies are weak and many analysts think the dollar is coming back. Predicting a low price of 1.5000 by the end of the year.

Fundamental Analysis

As we have mentioned repeatedly, there are different forces pushing the dollar to a different address. As the main U.S. and European economic situation.

The U.S. economic situation is giving better results in fact some are surprising. Thus we have indicators of housing in the United States were mixed (expected bad). A result worse than expected was the home sales on Thursday handed over 24 to 15:00 GMT. However, the sale of new homes delivered on Friday, 25 gave a surprising 6% higher than expected - the results of both indicators were within the range. Anyway we can conclude that U.S. economic indicators are improving a lot.

On the other hand, we have the results of the European economy and the inflationary problems found. All this leads to a pessimistic picture on the Euro area, is a clear example the level of pessimism in Germany where the day indicator 24 on Thursday economic sense for business was worse than expected.

An interesting point is the oil situation, which has fallen more than 10% in the last 2 weeks without having passed into consideration Forex EUR / USD.

All this can lead to the conclusion that there is much room for strengthening the dollar, but this closed higher, and it is advisable to see our technical analysis

Technical Analysis

If we see our figure, we see Bollinger Bands ( Forex courses) in which the price bounced off the bottom band making the Euro rises to approach the moving average.

On our technical indicators have mixed results according to the current situation. On the one hand and the RSI indicators that do not define the situation, on the other, indicating stochastic oversold signal, the momentum indicated a downward trend.

What is certain, that the price stays in its channel side, making our oscillators are more important than ever.

think that it is expected that the price to the early hours of Monday's rise a little further to 1.5800 levels, to meet the moving average. If you manage to pass it (which I do not think) should return to the levels of the past few weeks, but would have the desired rebound that should push hard to the 1.5500 area.

bet to a stronger dollar, and we recommend going short with the Euro where it can rebound (probably in the area of \u200b\u200b1.5800)