EUR/USD (1.5508)
European & US sessions forecast levels: 1.5430/1.5585
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 2:00 AM German PPI.
Daily Strategy: The euro/dollar trading will remain at the
levels between 1.52 and 1.59 in the coming 4-5 months. This is our forecasts
based on the expectation for continue speculations when European Central Bank
and Federal Reserve will raise the interest rates. The one of the moving factor
on the market is the US economy situation and how deep is the crisis or
recession. For today the forecast is for flat trading. The trading strategy is
trading within the trading range. The ECB will continue to support euro as will continue
to talk about hike of interest rates. These talks about hike of Euro Zone interest
rates continue few years but in this time ECB continue to hold the interest
rates unchanged. Forex Forecasts by FS Team
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