Euro/Dollar consolidation continues for third day

 @ibtimes
on December 11 2009 1:35 AM

EUR/USD (1.4738)European & US sessions forecast levels: 1.4670/1.4905Trend Sessions: European: Neutral/UpwardUS: Neutral/DownwardMarket Focus: 8:30 AM Export Prices ex-ag, Import Prices ex-oil, Retail Sales, Retail Sales ex-auto, 9:55 AM Michigan Sentiment-Prel, 10:00 AM Business Inventories.Daily Strategy: The Euro/Dollar consolidation continues at the levels close to 1.47. After disappointed Initial Claims report yesterday the dollar stop the rising. But the better than expected Trade Balance support the dollar to hold the gains. It is expecting mix trading today, as is possible temporary euro recovery.

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