EUR/USD (1.2537)
European & US sessions forecast levels: 1.2390/1.2730
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 10:00 AM New Home Sales, 4:00 AM German
Ifo Business Climate, M3 Money Supply, Private Loans, 9:55 AM ECB President Trichet Speaks.
Daily
Strategy: The dollar continues to gains against the euro
in the Asian open today. The recovery will continue in the coming hours. The
traders forget about the fundamentals and following the speculations. It is
widely expecting the crisis from USA to come in Europe. Therefore the euro is
weak while the dollar pushing strong. The one of the possible turn of this
tendency is the expecting Bank of Japan act to stop the rising yen setting
13-years top against the dollar.
Forex Forecasts by FS Team
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