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New rise of US Initial Claims expects today
Category: Forex Forecasts & Signals
Posted by ForexNewsAgency on December 24, 2008 at 12:37 AM
EUR/USD (1.3974)
European & US sessions forecast levels: 1.3910/1.4125
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 8:30 AM Durable Orders, Initial Claims, Personal Income, Personal Spending.
Daily Strategy: The trading remains in flat position after the huge fall of New Home Sales and Existing Home Sales. The trading consolidates at the levels below 1.40. The expectations remain for flat trading without bigger movements. The key fundamental news today probably will show new rising of weekly initial claims that will cause rise of US unemployment. The trading strategy today is trading within the trading range with profit targets of 40-50 pips. The key support level is formed at 1.3910.
Forex Forecast by FS Team

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