European & US sessions forecast levels: 1.4050/1.4445
Trend Sessions: European: Neutral
Market Focus: 4:30 AM EU Sentix Indicator, 6:00 AM Germany Factory orders.
Daily Strategy: The dollar remains weak against the euro after the Friday’s report for new jump of U.S. Unemployment Rate and Non-farm payrolls. The U.S. Unemployment closes 10% that probably will happen till the end of 2009. The overall technical analyses show that the dollar is still below the key resistance at 1.4445. The break above this level will open the way for levels of 1.47/1.48. It is expecting mix trading today with movements into both directions.