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It is quiet on the market ahead the euro storm for 1.50

By:

FS Team

2007-28-11

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EUR/USD (1.4813)

European & US sessions forecast levels: 1.4765/1.4880

Trend Sessions: European – Neutral

US – Neutral/Upward

Market Focus: 8:30 AM Durable Orders, 10:00 AM Existing Home Sales, 2:00 PM Fed’s Beige Book, 2:00 AM German Consumer Confidence, 5:00 AM M3 Money Supply.

Daily Strategy: The dollar strength against the euro but in the range of 20-30 pips only. When everyone is preparing for the test of 1.50 the dollar take some advantage by the some of latest expectations for better economic reports this week. As overall the recovery of the dollar is not solid and will back the trading close to the record of 1.4950 and above to 1.50 in short time.

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