EUR/USD (1.2865)
European & US sessions forecast levels: 1.2735/1.2860
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 4:00 AM Italian Retail Sales.
Daily
Strategy: The dollar set 2-years high against
the euro after the new proof coming by the central bank of Canada that the US
economy is in recession. Here is the bottom and the economy is on the way to
recovery. The expectations to cut the interest rates more are positive news for
the traders and the steps of US government to support the economic growth. The
break below 1.30 against the euro is psychological test that push much more
investors to back to the dollar currency. The European Union is on the way to
face the recession as is too close to cut the interest rates again. These
speculations push the dollar gains during the Asian session.
Forex Forecasts by FS Team
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