European & US sessions forecast levels: 1.3455/1.3840
Trend Sessions: European: Neutral
Market Focus: 8:30 AM Personal Income, Personal Spending, PCE Prices – Core, 10:00 AM Construction Spending, ISM Index, 3:53 AM Germany Manufacture PMI, 5:00 AM EU Unemployment.
Daily Strategy: The dollar recovery while the oil prices rises. The euro/dollar backs above the level of 1.36. It is expecting the recovery of the dollar to continue in spite the temporary back into the downtrend. The trading idea for today is to use the levels close to 1.3645/50 to open short positions. If the trading breaks above 1.3650 reverse and open long position.