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Forex Commentary
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EUR/USD (1.4380)
European & US sessions forecast levels: 1.4205/1.4445
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 8:30 AM Personal Income, Personal Spending, 10:00 AM Pending Home Sales, 5:00 AM EU PPI.
Daily Strategy: The euro set 8-months record high against the dollar as the signs for the end of the recession rises. The traders sell the currency used for stability investment and back to risky trades. During the Asian session temporary start profit taken making slowly correction but as overall the trend remain upward. The dollar may continue losses against the euro today but are possible also correction ahead the key Friday jobs report.
Forex Forecasts by FS Team
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