European & US sessions forecast levels: 1.3850/1.4105
Trend Sessions: European: Neutral/Upward
Market Focus: 8:15 AM ADP Employment Change, 10:00 AM ISM Services, 3:53 AM Germany Services PMI, 3:58 AM EU Composite PMI, Services PMI, 5:00 AM EU Retail Trade.
Daily Strategy: The euro/dollar consolidation continues at the level below 1.40. The speculations about Greece financial crisis continue together with the other problems countries like Portugal, Ireland and the biggest concern about Spain. The positive news from United States helps the dollar to hold the recent gains. The biggest support or negative news for the dollar is expecting this Friday. The expectations are to see the market influences cause by speculations about U.S. jobs report. For today is expecting mix trading within the trading range.