EUR/USD (1.5770)
European & US sessions forecast levels: 1.5690/1.5860
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 10:00 AM Pending Home Sales, 2:00 AM German
Trade Balance, 4:30 AM Sentix
Investor Confidence, 12:30 PM ECB
President Trichet Speaks.
Daily
Strategy: The dollar is again under pressure and close to the record trading
levels against the euro after the huge unemployment rate jump to 5.5%. The data
on Friday was real surprise, as the traders predict raise of unemployment rate
up to 5.2%. The ECB president Trichet also send strong signals to support the
euro. The pressure over the dollar causes the oil raise of almost $18 per day. For
today is possible temporary recovery of the dollar but as overall we will see
new attacks against the weak dollar.
Forex Forecasts by http://www.forex-strategy.com
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