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Forex Commentary
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The Dollar recovery against the euro is temporary
by Forex Strategy Team
Updated 05:43 GMT, September 25, 2009
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EUR/USD (1.4682)
European & US sessions forecast levels: 1.4610/1.4845
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market Focus: 8:30 AM Durable orders, 9:55 AM Michigan Sentiment-Rev, 10:00 AM New Home Sales, 2:10 AM Germany GFK Consumer Sentiment, 2:45 AM France GDP, Consumer Confidence.
Daily Strategy: The dollar slowly recovery against the euro in mixes U.S. data. Some of the traders take their profits after the EUR/USD 1-year record level of 1.4843. There are a lot of key reports today that will influence over the forex markets. The Euro-Dollar trading probably will rise above 1.47 today but is also expecting mix trading into both directions.
Forex Forecasts by FS Team
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