Excerpt from: Forex Forecast
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| October 28, 2008 | | Is it time for a correction in currency trading? | The forex trading forecast for EUR/USD is calling for a bit of a correction in some cases. Many analysts agree that the euro has been oversold against the dollar in FX trading on the currency market.
With stock markets making an attempt at recovery, and with things appearing to stabilize -- at least a little, the euro may be poised to gain in forex trading.
However, the correction that the euro receives depends on what happens next in the global economy, and will likely also be influenced by whether traders view the euro zone economy as advancing more toward recovery.
| Topic Tags: currency trading, dollar FX trading, euro forex trading, forecast EUR/USD, forex trading, forex trading EUR/USD, forex trading forecast, FX trading, FX trading currency market | |
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