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Some positive news are expecting in the coming week for the US economy

By:   FS Team
  • 2007-25-11
0
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EUR/USD (1.4838) – Weekly Forecast

Weekly forecast levels: 1.4710/1.5055

Trend for the week – Neutral/Upward

Market Focus: Again the Fed interest rates politic are in focus in the coming week. On the focus is also the crisis with US housing sector with the key housing data this week. The oil price is again under the trader focus together with the news for stooping to use dollars by Iran for the international trading.

Weekly Strategy: The dollar was very close to break the level of 1.50 and on the next movement up will break above. May be this will happen in the coming week? This week there is some fundamental news that will be positive for the US economy, but as overall the market is movement by the fears and these fears will push the dollar to new record levels. The strategy for the week is to buy on dips with target above 1.50.


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