EUR/USD (1.5466)
European & US sessions forecast levels: 1.5365/1.5550
Trend Sessions: European: Neutral/Downward
US: Neutral/Upward
Market Focus: 1:45 AM French CPI, 2:00 PM Fed’s Beige
Book, 2:00 PM Treasury
Budget.
Daily
Strategy: US officials are concern about the weak dollar. Bush
calls for stronger dollar at the end of two mandates when the dollar crash to
historical lows. The support for the dollar was based on “words support”. The
recovery of the dollar is not based on real facts. In near term we predict new
chances for test the levels above 1.60. The trading is close to key support
level at 1.5365. The chances for break below are minimal. We recommend using
this level to open long position.
Forex Forecasts by http://www.forex-strategy.com
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