Technicals

EUR/USD Fundamental Outlook at 1500 GMT (EST + 0500) How Long Can the Dollar Remain Strong? Forex and Dow Jones recommended levels More EUR/USD

EUR/USD (1.5866)

European & US sessions forecast levels: 1.5775/1.5960

Trend Sessions: European: Neutral

US: Neutral/Upward

Market Focus: 8:30 AM Average Workweek, Hourly Earnings, Initial Claims, Non-farm payrolls, Unemployment Rate, 10:00 AM ISM Index, 4:00 AM Services PMI, 5:00 AM EU Retail Sales, 7:45 AM ECB Interest rates decision, 8:30 AM ECB Press Conference.

Daily Strategy: Today is very important trading day. The whole key Friday US data was moved for today due too the national holiday tomorrow. The most important news today is ECB interest rates decision. It is widely expecting ECB to raise the interest rates with 25 bps after two years of speculation for this interest rates hike. The other important events come from United States. The US jobs report is today. It is expecting new poor results. The trading idea for today is to open long positions, as buy on dips.