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Forex Commentary
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EUR/USD (1.5705)
European & US sessions forecast levels: 1.5665/1.5810
Trend Sessions: European: Neutral
US: Upward
Market Focus: 8:30 AM Durable Orders, 2:00 AM German Import Price Index, 4:00 AM Current Account.
Daily Strategy: The strong recovery of the dollar is temporary process. It was open good space for the traders to open long positions. The latest US fundamental reports show that the economy is not reached the bottom. The dollar will remain under pressure due too continue crisis in the world biggest economy. The today’s strategy is to wait for good bottom and opening long positions. The current key support level is formed at 1.5665. If break below this level reverse otherwise keep long positions.
Forecast by FS Team - For more forecasts and signals visit - www.forex-strategy.com
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