EUR/USD (1.2796)
European & US sessions forecast levels: 1.2725/1.3005
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 10:00 AM Existing Home Sales, 2:00 AM German
Import Prices, 3:00 AM French
Flash Services PMI, French Flash Manufacturing PMI, 3:30 AM German Flash Services PMI,
German Flash Manufacturing PMI, 4:00
AM Flash Services PMI, Flash Manufacturing PMI.
Daily
Strategy: The latest movements on the forex market were a
reaction by the former Federal Reserve chairmen Greenspan who told about the
unemployment. "Given the financial damage to date, I
cannot see how we can avoid a significant rise in layoffs and
unemployment," Greenspan said. The
dollar back for a short time above 1.30 but fast falls down below 1.28. The
break below 1.2725 is key for the further dollar gains. We see space for levels
of 1.25 in short time while we are not far away by correction up to 1.33/35.
Forex Forecasts by FS Team
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