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Forex Commentary
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EUR/USD (1.5308)
European & US sessions forecast levels: 1.5215/1.5395
Trend Sessions: European: Downward
US: Neutral/Downward
Market Focus: 8:30 AM Initial Claims, 10:00 AM Wholesale Inventories, 2:00 AM German Trade Balance, 6:00 AM German Industrial Production, 7:45 AM Minimum Bid Rate, 8:30 AM ECB Press Conference.
Daily Strategy: The dollar rise against the euro most than 200 pips for the last 24-hours. The dollar was support by Fed and ECB key economist. At the same time the latest fundamental news for European economy show starting downturn. United States may be reached the bottom and will start to recovery by the crisis. The dollar probably will continue to gain against the euro today. The trading strategy is to open short positions today.
Forecast by FS Team - For more forecasts and signals visit - www.forex-strategy.com
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