EUR/USD (1.5568)
European & US sessions forecast levels: 1.5480/1.5665
Trend Sessions: European: Upward
US: Neutral/Upward
Market Focus: 8:30 AM Initial Claims, 10:00 AM Leading Indicators,
Philadelphia Fed, 4:00 AM Italian Unemployment Rate.
Daily
Strategy: The dollar again is weak against the euro after speculations that US
economy is not reached the bottom. The economy is not start to recovery that
will delay the Fed to raise the interest rates soon. The forecast is that the
bottom of the economy probably will come at the end of summer. The dollar will
continue to lose against the euro as is possible to test the levels above 1.60
soon. The trading strategy today is opening long positions, as buy on dips.
Forex Forecasts by FS Team
|
