The dollar continue recovery the losses by the Fed decision and comments

By Fs Team
18 March 2010 @ 02:33 am EDT

EUR/USD (1.3677)

European & US sessions forecast levels: 1.3455/1.3840

Trend Sessions: European: Neutral/Downward

US: Neutral

Market Focus: 8:30 AM CPI, Core CPI, Initial Claims, Continuing Claims, Current Account, 10:00 AM Leading Indicators, Philadelphia Fed.

Daily Strategy: The dollar recovery against the euro. It was expecting recovery after the losses cause by the Fed decision to leave the interest rates at 0.25% with the words for “extended period” of time. The dollar will continue with the recovery today, as the trading strategy is to open short positions.

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

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