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Forex Commentary
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EUR/USD (1.3568)
European & US sessions forecast levels: 1.3425/1.3715
Trend Sessions: European: Neutral/Upward
US: Neutral/Upward
Market Focus: 8:30 AM Building Permits, Housing Starts.
Daily Strategy: The dollar not succeeds to break below 1.34, as the chances to recovery below 1.34 remain minimal. The tendency is again for weak dollar. In the coming days the euro/dollar trading may break the level of 1.40. The key reports today for US housing sector may push the dollar loses as the traders to turn back to risky assets. The trading strategy today is opening long positions, as buy on dips movements. The traders are not willing to back to the dollar while the stability of the most popular currency is not enough when the optimism rising.
Forex Forecasts by FS Team
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