23 November 2007, 15:59  Euro loses some ground

The Euro has drawn back against the Dollar in the European session after having hit a fresh all time high overnight. The FX Dream Team advances a re-test of higher levels: “EUR/USD has eased towards 1.4770 first Support earlier today as it was suggested .No important fundamental news today No change in our view. The uptrend has been resumed for test towards 1.4870 level and 1.4900 in mid term .” On the down side, the FX Dream Team affirms: “On the other side, first important Support comes at 1.4770 Below eases price down towards 1.4710 key one till the end of the week . Look to buy on pullback for test towards 1.4870 and 1.4900 over the next trading days.”

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