EUR/USD (1.5897)
European & US sessions forecast levels: 1.5825/1.5965
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 5:00 AM Euro-zone Industrial
Production.
Daily
Strategy: The dollar remains under pressure after the
record for the last 3-months at 1.5964. The recovery of the dollar is
temporary. The forecast for today is neutral trading. We do not expect to see
some direction in the trading today. The trading strategy today is to trade
within the trading range. The key resistance is formed at 1.5964. If the
trading break this level we can see jump above 1.60, otherwise will start
profit taken this week.
Forex Forecasts by FS Team
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