EUR/USD (1.5448)<br>
European & US sessions forecast levels: 1.5360/1.5545 <br>
Trend Sessions: European: Neutral <br>
US: Neutral <br>
Market Focus: 8:15 AM ADP Employment, 8:30 AM Productivity-Rev., 10:00 AM ISM Services, 4:00 AM EU Services PMI, 5:00 AM EU Retail Sales. <br>
Daily
Strategy: After Bernanke speaks yesterday the dollar successfully breaks
below key support levels. The recovery of the dollar was based on the Bernanke
words that would not allow new dollar weakness. At the same time the focus over
the inflation and interest rates differences between United States, Euro Zone
and Japan indicate that the Fed is finished with the interest rates cut. The
dollar gains almost 200 pips against the Euro during the morning US session.
Today the recovery would not be so huge as is necessary break below 1.5411
first. If the dollar breaks below the levels of 1.5411 we can see levels of 1.5360. <br>
Forex Forecasts by <a href="http://www.forex-strategy.com">http://www.forex-strategy.com</a>
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