The euro/dollar consolidation process continues

By Fs Team
20 November 2009 @ 01:31 am EDT

EUR/USD (1.4922)

European & US sessions forecast levels: 1.4805/1.5060

Trend Sessions: European: Neutral

US: Neutral

Market Focus: 2:00 AM Germany PPI.

Daily Strategy: It is mix trading with clearer view of consolidation process close to 1.49. It is necessary major event to move the trading out of the current consolidation. We expect to see movements into both directions today. The trading strategy is to trade in a short range. Currently the key support is at 1.4805 but the chances to see this level today are minimal.

For more forex information, go to www.forex-strategy.com

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