EUR/USD (1.2415)
Trading range: 1.2365 – 1.2490
Trend: Upward
After the good US fundamental data the market recovery was temporary. The break above 1.2400 and the continue speculations could push the trading into upward direction again. For today the key economic event is US Fed’s Beige Book. Before that key event is schedule US Durable Orders and New Home Sales. After the Fed’s Beige Book there are chances to see the end of the speculation period if all signals for US Interest rates are clear. We expect to see new movement upward today.
USD/JPY (115.17)
Trading range: 114.20 – 115.55
Trend: Neutral
The dollar recovery against the yen is temporary. We expect to continue the movement downward but not so strong as the days before.
Forecast by Angel Kolev, expert in ForexStrategy Team - For more forecasts and signals visit - www.forex-strategy.com
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