EUR/USD (1.2921)
European & US sessions forecast levels: 1.2805/1.3075
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 5:00 AM EU Business Climate Indicator,
Consumer sentiment, Economic sentiment, Economic sentiment.
Daily
Strategy: The US markets are closed today due too Thanksgiving Day. The
dollar fell during the last Wednesday sessions due too the recession view. The
most of the investors predict that the recession will be deeper and Fed will be
necessary to cut interest rates again. Today the Euro/Dollar start
consolidation process at the levels of 1.29. It is not expecting key economic
events today. In a absent of US traders today is possible speculative movements.
The trading strategy today is to trade within the trading range.
Forex Forecasts by FS Team
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