EUR/USD (1.3505)
European & US sessions forecast levels: 1.3345/1.3685
Trend Sessions: European: Neutral/Upward
US: Neutral
Market Focus: 8:30 AM Building Permits, Housing Starts, 10:00 AM Michigan
Sentiment-Prel., 5:00 AM EU Trade
Balance.
Daily
Strategy: The dollar stops the gains after serial of bad data for the US
economy. The euro is on the way to recovery
by the recent losses to levels of 1.40/42. The today’s US housing report will
show new decrease of housing starts and building permits. The trading strategy
today is opening long positions, as buy on dips. Currently the key support is
formed at 1.3345 followed by the 1-year record low at 1.3258.
Forex Forecasts by FS Team
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