EUR/USD (1.3206)
European & US sessions forecast levels: 1.3045/1.3390
Trend Sessions: European: Neutral/Upward
US: Neutral/Upward
Market Focus: 8:30 AM Chain Deflator-Adv., GDP-Adv,
Initial Claims, 4:55 AM German
Unemployment Change, 6:00 AM
EU Consumer Confidence.
Daily
Strategy: The Federal reserve cut the interest rates with 50 bps to 1.00%. This
is the lowest level for the last fifty years. The dollar loses over 450 pips
for couple of hours. In very volatile market the dollar will continue to lose
as the pressure by the Fed interest rates cut continue. The trading strategy
today is opening new long positions, as buy on dips. It is possible to see
correction close to 1.30 and then new movements up above 1.33.
Forex Forecasts by FS Team
|
