European & US sessions forecast levels: 1.3865/1.4270
Trend Sessions: European: Neutral
Market Focus: 10:00 AM ISM Services.
Daily Strategy: The euro remains strong against the dollar in expectation for interest rates hike in the euro zone. It is expecting the European Central Bank to raise the interest's rates from the record low level of 1.00% with a quarter point. It is also expecting new interest rates hike at the year-end. The inflation in the euro zone is the major factor for the interest rates hike. The euro will remain strong these days is the forecast of FS Team.