EUR/USD forecast: Dollar bets on red

Fundamental U.S. dollar forecast for today 

USD bulls do not have enough power for a counter-attack

Dollar’s success didn’t last long! The EUR/USD bears couldn’t develop a correction. Did they really have any chances? The S&P 500 marks the second record high ever, republicans and democrats are far from reaching an agreement on the extension of the financial aid package, the Fed’s officials suggest that the euro-area economy is recovering faster than the U.S. growth. The strategy of trading the price rebound from the support zone of 1.172-1.173 has worked out already twice in August. The euro bulls seem to be willing to go ahead. 

The U.S. stock…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>