EUR/USD (1.3029)

European & US sessions forecast levels: 1.2900/1.3145

Trend Sessions: European: Neutral/Upward

US: Neutral/Downward

Market Focus: 5:00 AM ZEW Economic Sentiment, ZEW Current Conditions.

Daily Strategy: The dollar recovery against the dollar during the market holiday day in USA. The recovery stopped, as some of the traders prefer to close the short positions. The dollar will continue with the recovery but is possible temporary correction upward. The key support is at 1.2973 as the chances for break below this level are high. We recommend opening short positions today. The dollar may gain to the levels of 1.24/25 in a short time again.