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Were looking for dollar bulls to give up tonight and allow the dollar continue its slide. We are confident that the next 24 hours may be the push weve been looking for. Yesterdays comments out of Fitch Ratings in regards to the UK possibly being the first to lose their AAA sovereign rating sent the British Pound tumbling almost 200 points. The euro has been able to maintain 1.4980 and we are expecting both pairs to make new recent highs in the next 72 hours. As we mentioned yesterday, there is still much risk in the market so trade with caution. Bias is for further dollar losses. If youd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the members area.
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