EUR/USD (1.4723)
European & US sessions forecast levels: 1.4485/1.4845
Trend Sessions: European: Neutral/Downward
US: Neutral/Downward
Market Focus: 8:30 AM Trade Balance, 2:00 AM Germany Current Account, Trade Balance, CPI, HICP, 2:45 AM France Industrial Production.
Daily Strategy: The trading during the U.S. session much closer to a record euro/dollar level for 2009. But the new second test of the key resistance level above 1.4845 was not successive. The dollar started recovery during the Asian session. The other reason for the recent movement is the European Central Bank decision to leave the interest rates unchanged at 1.00%. For today the recovery of the dollar may continue. We recommend opening short positions today.