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01/08/2008, 11h11
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Short lived Euro gain yesterday, decline in oil prices support dollar
Euro’s gain was short lived yesterday. Euro rose to 1.5700 after the disappointing report of US advanced GDP and the unexpected rise in the US weekly jobless claims. The dollar climbed back up from its losses supported by the decline in oil prices. The Euro came down to test the first support at 1.5549 as mentioned in our Tradertip page.
Euro is now trading in range between the first support 1.5549-1.5579. Risk appetite is low as everbody awaits the US non-farm payroll due at 14.30 CET.  
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