Euro Finds Support at 1. 45 in Forex Trading
PMI data helps euro on the FX marketThe forex trading forecast for the euro is looking better, thanks to the latest data out of the euro zone. PMI data is showing improvement, and this is prompting many to become more sanguine about economic recovery in the euro zone. As a result of the news, the euro is finding good support in forex trading against the U. S. dollar around the 1. 45 level. This comes after the euro has flounder for several days. Even the news out of Austria is being forgotten with this new economic data. The forex trading forecast for the euro is still on track for the 16-nation currency to reach 1. 50 again sometime in early 2010 — as long as risk appetite amongst forex traders remains solid. See AlsoLooking for FX Market TrendsForex trading forecast
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