European & US sessions forecast levels: 1.5365/1.5550
Trend Sessions: European: Neutral/Downward
Market Focus: 8:30 AM Export Prices ex-ag., Import Prices ex.ag., Initial Claims, Retail Sales, Retail Sales ex-auto, 10:00 AM Business Inventories, 2:45 AM French Final Employment Change, 4:00 AM ECB Bulletin, 5:00 AM Industrial Production.
Daily Strategy: The dollar recovery during the Asian session after technical correction. The recovery is temporary. Today is important day for the US economy. The key economic events like US Retail Sales and Initial Claims will move the trading market. The key support for the dollar remains the level of 1.5365. The break below will make the dollar stronger. The chance for such break below is minimal. We recommend to use this level to open long position or reverse if break below 1.5365.