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Posted by Forex News Agency on Tuesday February 09, 2010 12:33 am

EUR/USD (1.3706)
European & US sessions forecast levels: 1.3585/1.4025
Trend Sessions: European: Neutral
US: Neutral/Downward    
Market Focus: 10:00 AM Wholesale Inventories, 2:00 AM Germany Current Account, Trade Balance, CPI, HICP.
Daily Strategy:  The euro holds the dollar on Monday. The current key euro/dollar support level is at 1.3585. The chances for break below are high but we can see correction up to 1.38 first. The Germany data at 2 AM today is very important. The situation in Euro Zone is the other key element for the traders. The problems in Greece are deeper as the signals are not good.

Forex Forecasts by FS Team 

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