EUR/USD (1.2469)
European & US sessions forecast levels: 1.2330/1.2585
Trend Sessions: European: Neutral/Upward
US: Neutral
Market Focus: 10:00 AM Consumer Confidence, 3:00 AM GfK
German Consumer Climate.
Daily
Strategy: The recession is very close to Europe. The
European economy talks in the past by Trichet for the good and stable situation
suddenly changed. The economy will come into recession too fast. It will be
necessary to act together with US to prevent the worst, the banking collapse.
On the next European Central Bank meeting is expecting new cut of the interest
rates, probably with another 50 bps or even 75 bps. EUR/USD may fall below 1.20
while day after day the recession closer very fast in Europe.
Forex Forecasts by FS Team
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