EUR/USD (1.3869)
European & US sessions forecast levels: 1.3510/1.3890
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 8:30 AM Initial Claims, Continuing Claims, Productivity-Rev, Unit Labor Costs - Rev, 10:00 AM ISM Services, 7:45 AM ECB Interest rates decision.
Daily Strategy: The major factor that moves the forex trading today is the European Central Bank interest rates decision. It is expecting signals or real actions with interest rates hike. The market prepared for interest rates hike. The press conference at 8:30 AM is also very important that will provide signals for the further euro/dollar directions. Forex Forecasts by FS Team.