EUR/USD (1.5790)
European & US sessions forecast levels: 1.5720/1.5865
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 9:45 AM Chicago PMI, 5:00 AM Italian Prelim CPI, CPI Flash
Estimate.
Daily Strategy: The new business week start in flat trading. On
Friday the euro/dollar hit 3-weeks high as Oil weights. The dollar will remain
under pressure today due too the situation on the energy market where the oil
is ready to set new record. Due too the worse reports by the prior week the
chances the Federal Reserve to raise the interest rates is minimal, while
European Central Bank signal that on July will raise the interest rates with 25
bps. For today the trading strategy is to trade in short trading range.
Forex Forecasts by FS Team
