European & US sessions forecast levels: 1.3585/1.4025
Trend Sessions: European: Neutral/Downward
Market Focus: 8:30 AM Retail Sales, Retail Sales ex-auto, 9:55 AM Michigan Sentiment, 10:00 AM Business Inventories, 2:00 AM Germany GDP, 2:45 AM France GDP, 5:00 AM EU GDP, Industrial Production.
Daily Strategy: Despite the EU help to Greece the dollar continue gain against the euro. The traders will follow the tendency to buy dollars these days in spite the decision for one of the biggest problem in Euro Zone is on the way to decide. The dollar is trading close to 9-months high against the euro and may continue rise. The positive news for U.S. initial claims also send signal to the traders to buy dollars. The trading strategy today is to open short positions, as sell on high movement.