EUR/USD (1.2732)

European & US sessions forecast levels: 1.2580/1.2910

Trend Sessions: European: Neutral/Downward

US: Neutral/Downward

Market Focus: 8:30 AM Personal Income, Personal Spending, 10:00 AM Construction Spending, ISM Index.

Daily Strategy: The dollar rise against the euro at the start of the new business week. The recovery of the dollar continues following our forecast for levels of 1.25 in a short time. The deeper recession follow with high unemployment rate in the Euro Zone and searching for stability of the dollar is the main reason for the dollar gains. The dollar will continue with the gains against the euro today. We recommend opening short positions today, as sell on high movements.