EUR/USD (1.5747)
European & US sessions forecast levels: 1.5630/1.5815
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 10:00 AM Consumer Confidence.
Daily
Strategy: The dollar consolidates at the levels above
1.57. There are not key economic events to move the forex market. It is
expecting slowly movement upward to the levels of 1.5805/15 today or latest
tomorrow. The key news moving the forex market is the fresh new concerns for
the situation in US banking sector. At the same time the concerns for the Euro
Zone inflation will push the euro high to the record levels. Today we recommend
opening long positions, as buy on dips.
Forex Forecasts by FS Team
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