EUR/USD (1.3640)
European & US sessions forecast levels: 1.3265/1.3820
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 8:30 AM Continuing Claims, Initial Claims, 9:00 AM NET Long-Term TIC Flow, 9:15 AM Capacity Utilization, Industrial Production, 10:00 AM Philadelphia Fed.
Daily Strategy: The absent of optimisms of Ben Bernanke is one of the reasons for the weak dollar. The high level of Unemployment rate and not clear signals for interest rates correction hold the dollar at low levels against the euro. For today is possible correction and slowly recovery of the dollar based on technical correction. The trading strategy is to open short positions. The U.S. data is on focus today that may turn the dollar again into negative territory.