EUR/USD (1.5583)
European & US sessions forecast levels: 1.5515/1.5675
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 8:30 AM Personal Income, Personal
Spending, 10:00 AM Factory Orders, 4:30 AM Sentix Investor Confidence, 5:00 AM PPI.
Daily
Strategy: The dollar consolidates at the levels above
1.55. It is necessary strong support for the dollar to break below the key
support level at 1.5515. If the dollar breaks below we can see levels to 1.52.
The chances for such recovery are minimal. We do not expect to see successive
break below 1.5515 today. We recommend using the level of 1.5515 for opening of
long positions. As overall the trading expectations for today is neutral
movements. The best trading strategy today is to trade within the trading
range.
Forex Forecasts by FS Team
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