EUR/USD (1.5872)
European & US sessions forecast levels: 1.5785/1.5970
Trend Sessions: European: Neutral/Upward
US: Neutral
Market Focus: 10:00 AM Leading Indicators.
Daily
Strategy: The new business week start with poor Monday of
economic events. The speculation and rumors will move the forex market today.
The dollar will remain weak. In the coming couple of days we expect to see the
dollar above 1.62. The Fed chairmen Ben Bernanke together with US president
George Bush will follow the politic of weak dollar. The eventually raising of
US dollar is expecting if Barak Obama take the president post. Till then the
dollar is possible to fall to levels of 1.68 against the euro. For today the
forecast is flat trading with chances for turning trading back above 1.60. We recommend
opening long positions, as buy on dips.
Forex Forecasts by FS Team
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