EUR/USD (1.5498)
European & US sessions forecast levels: 1.5445/1.5590
Trend Sessions: European: Neutral/Upward
US: Neutral
Market Focus: 15:00 AM Consumer Credit, 6:00 AM German
Factory Orders.
Daily
Strategy: The dollar recovery is over. After the Fed
interest rates decision to hold the key benchmark interest rates at 2.00% the
dollar remained firm against the euro. In Asian session the traders cut their
short positions expecting new dollar weakness in the coming days. The trading
strategy today is opening long positions. The key support is at 1.5445. If the
trading breaks below this level reverse the long positions with short.
Forex Forecasts by FS Team
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