China signals to stop the dollar falling

By @ibtimes on

EUR/USD (1.3467)
European & US sessions forecast levels: 1.3090/1.3535
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 8:30 AM Initial Claims, Continuing Claims, 10:00 AM Existing Home Sales, Leading Indicators, Philadelphia Fed.
Daily Strategy: The euros rises may be are over. The dollar rises against the euro during the Asian session where came the bad news for the dollar in the last couple of days. The rising speculations that China will do steps to cool the economic growth push the dollar to stop falling against the euro and may start back to 1.3330. The key resistance is at 1.3535 as the chances for break the level lower. FS Team advice if any break above the resistance levels for EUR/USD at 1.3535 may signal for continues of the upward trend.

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