EUR/USD (1.2727)

European & US sessions forecast levels: 1.2390/1.2855

Trend Sessions: European: Downward

US: Neutral/Downward

Market Focus: 8:30 AM Export Prices ex-ag., Import Prices ex-oil, Retail Sales, Retail Sales ex-auto, 10:00 AM Business Inventories, Michigan Sentiment-Prel., 2:00 AM German Final CPI, 2:45 AM French Prelim Non-Farm Payrolls, 2:50 AM French Prelim GDP, 4:00 AM Italian Prelim GDP, 5:00 AM Flash GDP, EU CPI, EU Core CPI.

Daily Strategy: The dollar fall against the euro in expectations for US Retail Sales. It is expecting the US Retail Sales to fall from –1.2% to –2.1%. The retail sales are a key factor for the economic growth. The expecting poor data push the euro to gain against the dollar to 1.2850. Today is a very rich economic day. There are a lot of key fundamental news for the US and Euro Zone. It is expecting the dollar to recovery by yesterday losses.