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Category Forecasts

Title

The euro fails to break above 1.2350 and may turn down close 1.20 these days

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Frequency Daily
Category Forecasts
Area Europe
Download Report Not Specified
Company Name ForexStrategy Team
Website Name www.forex-strategy.com
Time Submitted Jun 17 2010 5:31AM GMT

Header

EUR/USD (1.2265)
European & US sessions forecast levels: 1.1875/1.2350
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 8:30 AM Initial Claims, Continuing Claims, CPI, Core CPI, Current Account, 10:00 AM Leading Indicators, Philadelphia Fed.
Daily Strategy: The euro/dollar not succeed to break above the key resistance of 1.2350. The fail pushes the traders to buy dollars again. The signals coming from the Euro Zone are not good. Spain is on the way to follow Greece problems. The debt crisis may cause impair of economic recovery in Europe. It is expecting the dollar slowly to back at the levels below 1.20 these days.

Forecast by FS Team - For more forecasts and signals visit - www.forex-strategy.com



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