EUR/USD (1.5462)
European & US sessions forecast levels: 1.5365/1.5550
Trend Sessions: European: Neutral/Downward
US: Neutral/Upward
Market Focus: 8:30 AM Export Prices ex-ag.,
Import Prices ex.ag., Initial Claims, Retail Sales, Retail Sales ex-auto, 10:00 AM Business Inventories, 2:45 AM French Final
Employment Change, 4:00 AM ECB
Bulletin, 5:00 AM Industrial
Production.
Daily Strategy: The dollar recovery during the Asian session after
technical correction. The recovery is temporary. Today is important day for the
US economy. The key economic events like US Retail Sales and Initial Claims
will move the trading market. The key support for the dollar remains the level
of 1.5365. The break below will make the dollar stronger. The chance for such
break below is minimal. We recommend to use this level to open long position or
reverse if break below 1.5365. Forex Forecasts by FS Team
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