EUR/USD (1.3991)

European & US sessions forecast levels: 1.3890/1.4195

Trend Sessions: European: Neutral/Upward

US: Neutral

Market Focus: 10:00 AM ISM Services.

Daily Strategy: The dollar may lose the recent gains against the euro today. The traders will use the good levels to open long positions. The focus comes over the expecting G8 summit this week. The traders back to the dollar on Thursday and Friday after the disappointed U.S. jobs data. The stability of the dollar was the main reason for the dollar recovery. The trading strategy today is to open long positions, as buy on dips. If the trading breaks below 1.3950 reverse the position and open short.