European & US sessions forecast levels: 1.4635/1.4825
Trend Sessions: European â€“ Neutral/Downward
US â€“ Neutral/Upward
Market Focus: 4:30 AM Sentix Investor Confidence, 5:00 AM EU Unemployment Rate, Consumer Confidence and PPI.
Daily Strategy: The dollar start the new week with not significant recovery against the euro. The Fridayâ€™s jobs report was very negative for the world biggest economy and the traders describe black picture for the dollar. There are not key US economic events today. The trading strategy today is to sell euro during the European session while with the start of US session is expecting new pressure against the dollar with moving up above 1.4750. If the dollar break below 1.4685 is possible continue of the recovery with next target 1.4635.