EUR/USD (1.2705)
European & US sessions forecast levels: 1.2165/1.2740
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market Focus: 8:30 AM Retail Sales, Retail Sales ex-auto, Export Prices ex-ag, Import Prices ex-oil, 10:00 AM Business Inventories, 2:00 PM FOMC Minutes, 5:00 AM EU HICP - Core, HICP.
Daily Strategy: The dollar drops to two months low against the euro as the risky appetite rises. The disappointed U.S. Trade Balance also support the euro rises. China top ratings agencies downgraded the US sovereign credit score. The latest news pushes the investors to back to the risky assets. The dollar may continue losses, as the trading strategy today is to buy on technical correction below 1.2670.

Forex Forecasts by FS Team