EUR/USD may consolidate till the end of the year at 1.43/1.44

on December 29 2009 1:35 AM

EUR/USD (1.4374)European & US sessions forecast levels: 1.4215/1.4585Trend Sessions: European: NeutralUS: Neutral/DownwardMarket Focus: 10:00 AM Consumer Confidence, 2:00 AM Germany CPI, HICP, 2:45 AM France GDP.Daily Strategy: The trading during the last business week for 2009 consolidate at the levels above 1.43 and below 1.44. The consolidation process may continue till the end of the year. The key economic event today is the U.S. Consumer Confidence. It is expecting positive news for strong recovery of the world largest economy that may support the dollar. The trading strategy today is to trade in a short range using the consolidation moment.

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