European & US sessions forecast levels: 1.5615/1.5855
Trend Sessions: European: Neutral
Market Focus: 6:00 AM EU Trade Balance.
Daily Strategy: After the Fed decision to cut the key benchmark interest rates with 75 bps to 2.25% the dollar gain against the euro about 200 pips. After that follow recovery of the euro. In an absent of key economic data today is important to see whether the dollar will hold the recent gains. The forecast is for new tries to open long positions and test of the record levels above 1.59 in near-term. If the dollar continues with the recovery against the euro we can see levels of 1.5550 today. Otherwise the forecast is for fast move above 1.58 today.