EUR/USD (1.2901)

European & US sessions forecast levels: 1.2810/1.3030

Trend Sessions: European: Neutral/Upward

US: Neutral/Downward

Market Focus: 8:30 AM GDP-Adv, Chain Deflator-Adv., 9:45 AM Chicago PMI, 9:55 AM Michigan Sentiment-Rev, 10:00 AM Employment Cost Index.

Daily Strategy: The US economic data was disappointed especially after the release of US New Home Sales. The report showed new record low new home sales. Although that the investors turn to the dollar. The global economy recession will deeper following the world top one economy. The investors seek the harbour of the world's most liquid currency. The dollar will continue with the recovery against the euro in the coming days although the expecting bad report for US GDP-Adv. The whole data for USA today is expecting as worse than a month before.