European & US sessions forecast levels: 1.3420/1.3740
Trend Sessions: European: Neutral/Upward
Market Focus: 10:00 AM Existing Home Sales.
Daily Strategy: The traders worldwide expect the inflation in the world largest economy to jump after the Fed decision from the last week. The shares market going well after the news but the dollar will be the big loser. It is expects the trading of euro/dollar to rise to 1.40 in the coming days. The trading strategy is opening long positions as buy on dips. The key resistance is at 1.3740 as the chances fort break above rising. The first key support is at 1.3516. We recommend using this level to open long positions.