EUR/USD (1.5593)
European & US sessions forecast levels: 1.5515/1.5675
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 8:15 AM ADP Employment, 5:00 AM Consumer
Confidence.
Daily Strategy: The fears for US recession over yesterday after the
release of US Consumer Confidence. The US economy is not so bad and probably
will avoid the recession. The positive news for the US economy helps to the
dollar and the oil to recovery. For today we expect to see slowly recovery as
overall are necessary new proofs for the situation of US economy. For today we
expect to see slowly continue of the dollar recovery.
Forex Forecasts by FS Team
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