Forexzilla.org

Another crazy day in the forex market. Rumours that Chrysler filed fot Chapter 11 provided an excuse for another round of US dollar and stocks sales and buying in oil and metals. Chrysler of course denied the rumours but who cares. Big guys make money in the markets and for the last year they have show that the fundamentals are just numbers. Whatever, EUR/USD reached the resistnace @ 1.5770/75 but couldn’t break above it. Today we may see another attempt and I wonder what will be the excuse this time. I suggest to the big speculators to say “we make money and that’s why i sell dollars”. The resistance is # 1.5770/75 and 1.5845. Support is @ 1.5655 and 1.5535.