The dollar held steady near a one-month high against a basket of currencies after jumping on a sharp drop in oil prices and an unexpected rise in U.S. consumer confidence. The dollar traded near a one-month high against the Euro before a government report that is forecast to show the pace of U.S. economic growth doubled in the second quarter.
Tehnical view 30.07.08
EURO is expected to be on mixed for the day . currency holds its resistance at 1.5650 levels for the day and lends its support at 1.5510 levels. trading range is expected between 1.5520-1.5640 levels for the day. momentum indicates downtrend yet chart pattern shows a upward consolidation in the resistance levels in near term
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