European & US sessions forecast levels: 1.4065/1.4290
Trend Sessions: European: Neutral/Upward
Market Focus: 10:00 AM New Home Sales.
Daily Strategy: The dollar remains under pressure on today's opening. The traders activate with the risky assets. The dollar may continue losses against the euro. The key resistance is at 1.4290 but is weak resistance and may break easy on today's trading. The trading recommendation today is to buy on dips. If the euro/dollar trading break below 1.4120 our forecast may break as the dollar to make recovery. But the chances for dollar recovery are minimal.