EUR/USD (1.4089)

European & US sessions forecast levels: 1.3920/1.4175

Trend Sessions: European: Neutral/Upward

US: Neutral

Market Focus: 8:30 AM Trade Balance, 2:00 PM Treasury Budget, Fed€™s Beige Book, 2:00 PM Germany CPI, HICP.

Daily Strategy: The dollar lose most of the recent gains due too fears for the situation of the world largest economy. The dollar losses over 200 pips and loses may continue, as the investors are not willing to buy dollars. The forecast for today is continuing of the dollar loses. The key Germany data today may change the trading direction also the Fed€™s Beige Book is a important moment for the further trading direction.