The credit crisis may be reached the bottom

The market is very dynamic today. But as overall the volumes are not high. The traders start to speculate whether the U.S. economy is reached the bottom. The forecast is that the credit crisis is in the bottom and the economy will start to recovery. At the same time the Fed will cut the interest rates once with quarter percent or maximum to half percent. The Euro-Dollar touches 1.58 today during the Asian session. The dollar recovered during the European session. The tendencies for weak dollar remains as key for the dollar are the levels above 1.58. The chances for break above 1.5903 remain high said George Marshal analyzer in The forecast is for mix trading with movements close to 1.58 again and recovery down below 1.5670.

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