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Category Forecasts

Title

The euro rises after the worries about Spain debt ease

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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 18 2010 5:35AM GMT

Header

EUR/USD (1.2397)
European & US sessions forecast levels: 1.1875/1.2670
Trend Sessions: European: Neutral/Upward
US: Neutral
Market Focus: 2:00 AM Germany PPI.
Daily Strategy: The Euro made fast recovery against the dollar after positive news for Spain. The euro rose against the green back after Spain successfully raised nearly 3.5 billion euros in an auction of 10 and 30-year bonds. There is also positive news for Greece debt reforms. At the same time negative news for U.S. Initial claims pushes the investors to trade euro again.

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



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