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Forex Commentary
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EUR/USD (1.4332)
European & US sessions forecast levels: 1.4050/1.4445
Trend Sessions: European: Neutral/Downward
US: Neutral/Upward
Market Focus: 5:00 AM EU Industrial new orders.
Daily Strategy: The dollar remains weak against the euro. The traders continue to buy euro as forget about the dollar stability. The risky trades back again. The fact that the Federal Reserve will not start interest rates rise till 2010 push the investors to sell dollars. The dollar may continue losses as the key resistance is formed at 1.4445. The break above this level may push the trading for levels of 1.48. Technically is expecting temporary dollar recovery during the European session today.
Forex Forecasts by FS Team
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