EUR/USD (1.4978)
European & US sessions forecast levels: 1.4625/1.5060
Trend Sessions: European: Neutral/Upward
US: Neutral/Upward
Market Focus: 2:00 AM Germany CPI, HICP, 2:45 AM France Industrial Production, 4:00 AM Italy Industrial Production, 5:00 AM Germany ZEW (Current Conditions), ZEW (Economic Sentiment), ZEW (Current Conditions), ZEW (Economic Sentiment).
Daily Strategy: The dollar losses against the euro as reached the 1-year low after the Fed signals to leave the interest rates as low as 0.25% for longer time. The investors back to high-yield currencies and stock markets. The Dow Jones rises to 1-year high as the investors back to the stock markets. The euro remains strong as may test 1.5060 in a short time. The Germany data today is very important for the trading as may support the euro again. We recommend opening long positions, as buy on dips correction.