European & US sessions forecast levels: 1.2980/1.3335
Trend Sessions: European: Neutral/Downward
Market Focus: 8:30 AM Productivity-Prel, Unit Labor Costs, 10:00 AM Wholesale Inventories, 2:00 PM FOMC Interest Rates Decision.
Daily Strategy: The dollar starts raises against the euro ahead the FOMC meeting today. The speculations rises closing the time when Fed probably will signal that is needed more stimuli for the U.S. economic growth. Most of the traders are on the way to start selling euros after the big movement and take their profits. The dollar may continue rises today as Fed may also support the dollar. It is widely expecting the Federal Reserve to leave the interest rates unchanged at 0.25%.