European & US sessions forecast levels: 1.3805/1.3980
Trend Sessions: European: Neutral
Market Focus: 10:00 AM Wholesale Inventories, 2:00 AM Germany Current Account, Trade Balance, 6:00 AM Germany Industrial Production.
Daily Strategy: The latest U.S. jobs data continue to influence over the forex trading. The better than expected U.S. Non-farm payrolls report help to the dollar to take a step ahead the euro. The better U.S. jobs report raises the chances for the end of the recession this year. Also the investors predict that the Federal Reserve will be ready to hike the key interest rates soon. The trading strategy today is to sell on high movement, as is possible test of the current key support at 1.3804.