EUR/USD (1.5855)
European & US sessions forecast levels: 1.5785/1.5935
Trend Sessions: European: Neutral/Upward
US: Neutral
Market Focus: 2:00 AM German PPI, 5:00 AM EU Trade Balance.
Daily
Strategy: Temporary the dollar recovery against the euro.
But the situation in United States remains too worse for serious recovery of
the dollar. In near term we expect to see the dollar at the levels above 1.62.
There are not key economic events for US today. The trading expectations today
are for movements into both directions. The key support is at 1.5785, as the
break below will follow new dollar recovery otherwise the dollar will back at
the trading above 1.59.
Forex Forecasts by FS Team
| 
