EUR/USD (1.2640)

European & US sessions forecast levels: 1.2455/1.2755

Trend Sessions: European: Neutral/Downward

US: Neutral

Market Focus:

Daily Strategy: There are not key economic events today. The dollar starts the new week with recovery although the negative Friday report for the US unemployment rate. The recovery of the dollar will continue this week. The key support level is at 1.2455 as the break below opens the way for levels of 1.23 and then 1.21. The trading strategy is opening short positions as sell on high movement. The traders turns to the dollar stability in a moment when the world economy seems is in worse situation than the expected.