EUR/USD (1.5705)
European & US sessions forecast levels: 1.5610/1.5790
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 10:00 AM Pending Home Sales, Wholesale
Inventories, 3:00 PM Consumer
Credit.
Daily
Strategy: The recovery of the dollar is over due too
starting worries about the credit crisis. The US economy is not reached the
bottom. We are predicting that the situation in the world biggest economy will
became worse in the coming months. For today the forecast is for neutral
trading. We are recommended trading within the trading range. The key support
is formed at 1.5610. The chances for break below are minimal. We are
recommended to use this support level to open long positions.
Forex Forecasts by FS Team
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