FS Team expects Euro/Dollar to test 1.50 soon

By @ibtimes on

EUR/USD (1.4859)
European & US sessions forecast levels: 1.4495/1.4930
Trend Sessions: European: Upward
US: Neutral/Upward
Market Focus: 8:30 AM GDP - Adv, GDP Deflator, Initial Claims, Continuing Claims, 10:00 AM Pending Home Sales.
Daily Strategy: The traders back to a high volatile currency and risky assets these days. The latest news by the Federal Reserve shows that interest rates rise is far away. The dollar remains strongly into negative territory moving fast to test the levels above 1.50 against the euro. The bad news for the United States continues to support the euro and the rest currencies against the dollar. The FS Team today's strategy is to open long positions after a short time correction of the dollar.

Join the Discussion