European & US sessions forecast levels: 1.2895/1.3130
Trend Sessions: European: Neutral
Market Focus: 2:00 AM Germany PPI, 5:00 AM Germany ZEW Current Conditions, ZEW Economic Sentiment, EU ZEW Economic Sentiment.
Daily Strategy: The dollar gain on the market after the red session in Wall Street. Also the world markets down that was a signal to buy dollars. FS Team forecasts remain to buy dollars these days as still is expecting the effect by the European Central Bank interest rates cut. The key support is formed at 1.2895, as the chances for break below are high. The trading strategy is to open short positions as sell on high movement. The dollar may rise to the levels of 1.2450/1.2550 till the ECB interest rates decision.