EUR/USD (1.5702)
European & US sessions forecast levels: 1.5620/1.5790
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 8:30 AM Initial Claims, 10:00 AM Existing Home Sales, 3:00 AM French
Services PMI, French Manufacturing PMI, 3:30 AM German Services PMI, German Manufacturing PMI, 4:00 AM Current Account,
Services PMI, Manufacturing PMI, German Ifo Business Expectations Index, German
Ifo Business Climate Index.
Daily
Strategy: It is very rich economic day today. The traders
focus over the coming key Germany economic reports including the Germany Ifo
Business Climate. The recovery of the dollar continues after the strong
recovery of the oil prices. We will see continue of the dollar recovery while
the oil take step back by the record high prices. If the oil continues to fall
today we can see the dollar down to 1.5560 today.
Forex Forecasts by FS Team
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