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EUR/USD consolidate at the levels below 1.40 but may test 1.40 these days
Category: Forex Forecasts & Signals
Posted by ForexNewsAgency on February 2, 2010 at 12:32 AM
EUR/USD (1.3928)
European & US sessions forecast levels: 1.3850/1.4105
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 10:00 AM Pending Home Sales, 2:00 PM Auto Sales, Truck Sales.
Daily Strategy: The dollar remains flat during the new week. In spite the positive ISM Index for six consecutive months. After the strong dollar recovery during the last week is time for correction. The dollar may back above 1.40 again this week. It is expecting mix trading today, as the trading strategy is to use short trading range in your trading.
Forex Forecast by FS Team

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