EUR/USD (1.3926)
European & US sessions forecast levels: 1.3510/1.4035
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 8:30 AM Empire Manufacturing, Export Prices ex-ag., Import Prices ex-oil, 9:00 AM Net Long-Term TIC Flows, 2:15 PM FOMC Rate Decisions.
Daily Strategy: The dollar slowly recovery against the euro during the Asian session based on technical correction. The optimism in Europe rising these days and keep the trading close to 4-months high level. FS Team expects the dollar to continue rising today but as overall the tendency for weak dollar will remain. The key event today is the Fed interest rates decision. It is widely expecting the Fed to keep the interest rates at 0.25%.