EUR/USD (1.4780)

European & US sessions forecast levels: 1.4645/1.4860

Trend Sessions: European – Neutral/Upward

US – Neutral

Market Focus: 8:30 AM Durable Orders, 10:00 AM Consumer Confidence, 4:00 AM EU Current Account.

Daily Strategy: The trader’s speculations about the coming FOMC policy announcement are stronger. It is widely expecting the Fed to cut the interest rates with 50 bps. Also the coming fundamental reports send negative signals for the world biggest economy. The forecast for today is that the dollar will remain under pressure and will close the record high levels. Most of the traders believe that the Fed measures are not enough to stop the country recession. But there are many investors that are ready to sell at euros at the levels of 1.49.