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Forex Commentary
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EUR/USD (1.5764)
European & US sessions forecast levels: 1.5645/1.5830
Trend Sessions: European: Neutral
US: Upward
Market Focus: 8:30 AM Initial Claims, 4:00 AM Italian Retail Sales, 5:00 AM EU Industrial New Orders.
Daily Strategy: The dollar fell to 1-month low against the euro after the black forecasts by Federal Reserve. The US growth forecast and oil prices forecast was corrected and the analyzers predict stagflation in the world biggest economy. The oil jumps above $130 and very fast climb to $135. All these news send very negative signals for the situation of US economy. The dollar will continue to fall against the euro and will break above 1.60 again. For today the forecast is for opening long positions, as buy on dips.
Forecast by FS Team - For more forecasts and signals visit - www.forex-strategy.com
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