PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (686331)	6/20/2005 7:41:41 PM
From: Hope Praytochange	Read Replies (1) of 769667

Published: Jun. 20 2005, 22:55 GMT Dollar makes fresh gains! The USD received a broad boost after wires reported a ECB source saying the CB was waiting for more data before determining the justification of an interest rate cut. Euro/US Dollar EURUSD (1.2150 @ 22:50 GMT) The dollar received fresh gains today after a ECB source suggested more data was needed before looking at interest cut. For now we look for the EURUSD to be range bound in the 1.1980-1.2500 area in the upcoming weeks, so that is the range to play, but still favoring the general downside with a break of 1.1960-80 leading to 1.1760 where we look for a longer term recovery. Resistance for the upcoming sessions are 1.2205/1.2240/1.2345. Support is 1.2120/1.2030. Look to buy/sell round the given support and resistance levels.

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