EUR/USD (1.4901)
European & US sessions forecast levels: 1.4845/1.5060
Trend Sessions: European: Neutral/Downward
US: Neutral/Upward
Market Focus: 9:00 AM Consumer Confidence, 2:50 AM France Consumer Confidence, 4:00 AM EU M3.
Daily Strategy: The traders back temporary to the dollar stability like world currency yesterday. The reason was the U.S. bank losses that may cause serious problems for the global economy. The higher-yielding assets were not attractive and that cause the dollar to gain more than 150 pips against the euro. The dollar recovery may continue but as overall the tendency is for weak dollar. It is expecting mix trading day with continue dollar recovery but also in near-term is expecting levels above 1.50 again.