Euro/dollar breaks below 1.30 due too ECB interest rates cut expectation:

News:
EUR/USD (1.3010)
European & US sessions forecast levels: 1.2890/1.3130
Trend Sessions: European: Neutral/Downward
US: Neutral/Downward
Market Focus: 10:00 AM Leading Indicators.
Daily Strategy: The dollar gain against the euro due too serial of events. The most important is the widely expecting European Central Bank interest rates politic change. The investors expect Jean-Claude Truchet to cut the interest rates at least with 25 bps but is possible aggressive interest rates cut due too the deeper of Euro Zone problems. The Euro Zone interest rates may down close to zero is also expecting. On the other side of Atlantic the latest signals show that the economy in United States is still on downtrend. The traders will prefer to turn to the dollar these days. The trading strategy today is opening short positions.
Forex Forecast by FS Team