EUR/USD (1.5534)
European & US sessions forecast levels: 1.5450/1.5625
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 10:00 AM ISM Services, 2:15 PM FOMC Policy Statement,
4:00 AM Services PMI, 5:00 AM EU Retail Sales.
Daily
Strategy: The dollar slightly recovery against the euro
ahead of Fed interest rates decision. It is expecting the Fed to keep the
interest rates unchanged at 2.00%. Due too the high inflation is expecting the
Fed to signal to start with interest rates rise. The key support of EUR/USD
remains at 1.5515, as break below will open the trading for levels of 1.5450.
If the dollar not breaks below 1.5515 is expecting fast recovery of the euro to
levels of 1.5575. As overall the dollar remain stable and without potential to
lose against the euro. The Euro Zone economy sends some negative signals that
would not allow to the euro to continue gain against the dollar.
Forex Forecasts by FS Team
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