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Category Forecasts

Title

The tension rises as U.S. jobs report closes

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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 Jul 1 2010 5:33AM GMT

Header

EUR/USD (1.2228)
European & US sessions forecast levels: 1.1875/1.2465
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market Focus: 8:30 AM Continuing Claims, Initial Claims, 10:00 AM Construction Spending, ISM Index, Pending Home Sales, 2:00 PM Auto Sales, Truck Sales.
Daily Strategy: The both currency euro and dollar remains weak. The reasons are raising fears in the euro zone about the debt crisis. There are many speculations that some of the countries using the single European currency must leave it. In United States the fears rising closing the time when the key jobs report will be release. Today is possible mix trading with slowly euro recovery during the European session.

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



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