EUR/USD (1.5578) <br>
European & US sessions forecast levels: 1.5485/1.5665 <br>
Trend Sessions: European: Neutral/Upward <br>
US: Neutral <br>
Market Focus: 8:30 AM Average Workweek, Hourly Earnings,
Non-farm Payrolls, Unemployment
Rate, 10:00 AM Wholesale Inventories, 3:00 PM Consumer Credit, 2:45 AM French Government Budget Balance, French Trade Balance, 6:00 AM German Industrial
Production. <br>
Daily Strategy: The dollar fell against the euro after ECB
president Trichet support the euro by the high inflation in the Euro Zone.
Trichet signal that is ready to raise the interest rates. The pressure over the
dollar comes by the raise of oil prices that raise break 8 dollars per day. The pressure over the dollar will remain today if the
key reports for the non-farm payrolls and unemployment rate show worse than
expecting results. It is expecting the unemployment rate to rise due too the
starting problems in the US jobs market. <br>
Set & Forget Signal: Buy
at 1.5538 SL 1.5506 TP 1.5649
TLS 35 pips.
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Forecast by FS Team - For more forecasts and signals visit - http://www.forex-strategy.com
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