EUR/USD (1.2595)

European & US sessions forecast levels: 1.2515/1.2735

Trend Sessions: European: Neutral/Upward

US: Neutral/Downward

Market Focus: 8:30 AM Personal Income, Personal Spending, 10:00 AM Construction Spending, ISM Index, 2:00 AM Germany Retail Sales, 3:55 AM Germany Manufacture PMI, 5:00 AM EU Flash HICP.

Daily Strategy: There are a lot of key fundamental news at the start of the week for Euro Zone and USA. The fundamental data will show how deep is the recession in United States and Europe. For today is expecting temporary recovery of the euro after the dollar gains by the last week. The tendency for stronger dollar will keep this week although the expecting worse reports for the US economy and unemployment rates at the end of the week. It is expecting first expecting recovery of the euro based on technical correction. After that the gains of the dollar will continue.