EUR/USD (1.2590)
European & US sessions forecast levels: 1.2390/1.2855
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 8:30 AM PPI, Core PPI, 9:00 AM Net Foreign Purchases, 4:00 AM Italian
Trade Balance.
Daily
Strategy: The dollar remains mix against the major currencies including euro.
The recession is in Europe, USA and Japan. The
global economy is in recession. In world recession the investors buy more of the safest U.S. assets. The key news today for the
traders will be US Net Foreign
Purchases. The dollar may continue slowly gain against the euro in the coming
hours. It is expecting levels of 1.24 for the coming hours or few days while
the support at 1.2390 and 1.2330 is very strong.
Forex Forecasts by FS Team
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