Forex Daily Strategy by FS Team

U.S. market is in holiday but is expecting high volumes

By FS Team
03 July 2009 @ 01:37 am EDT

EUR/USD (1.3987)

European & US sessions forecast levels: 1.3890/1.4195

Trend Sessions: European: Neutral/Downward

US: Neutral/Upward

Market Focus: 3:55 AM Germany Services PMI, 4:00 AM EU Services PMI, 5:00 AM EU Retail Trade.

Daily Strategy: Market Holiday - Independence Day is today in United States. The markets are closed. But in Europe is expecting dynamic trading. The dollar successfully holds the gains after the US jobs report and even gain more after the end of US session and few hours before Asian session. Although the US holiday today is expecting to see high volumes on the trading market and may see the start of Euro-Dollar new direction. But some of the traders are ready to buy euros again using these good levels for opening long positions.

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