European & US sessions forecast levels: 1.3970/1.4590
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM GDP 2nd Estimate, GDP Deflator 2nd Estimate, Initial Claims, Continuing Claims.
Daily Strategy: The euro again is attractive currency for the investors after the strong commodity price rises. The other key factor that supports the euro is the news that China is ready to buy the so-called bailout bonds. It seems that the euro will continue rise as FS Team recommend for today to open long positions as buy on dips corrections.