Euro/Dollar consolidation continues for third day

  on

EUR/USD (1.4738)
European & US sessions forecast levels: 1.4670/1.4905
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market 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.

Join the Discussion