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Category Forecasts

Title

Positive news from Europe and fears for second wave of recession help the euro rise

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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 8 2010 5:37AM GMT

Header

EUR/USD (1.2653)
European & US sessions forecast levels: 1.2165/1.2685
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 8:30 AM Continuing Claims, Initial Claims, 3:00 PM Consumer Credit, 2:00 AM Germany Current Account, Trade Balance, 6:00 AM Germany Industrial Production.
Daily Strategy: The positive news for Europe and the European debt crisis help to the euro to stabilize and gain significantly in the last weeks. It seems that the world may follow a second wave of recession as United States is much more vulnerable than Europe. The investors back to the euro that rises may continue today ahead the Initial Claims report in United States and some important data from Germany the European locomotive.

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



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