EUR/USD (1.5756)

European & US sessions forecast levels: 1.5670/1.5905

Trend Sessions: European: Neutral/Downward

US: Neutral

Market Focus: 10:00 AM Construction Spending, ISM Index, 2:55 AM German Unemployment Rate, 3:00 AM Manufacturing PMI, 4:00 AM EU Unemployment Rate.

Daily Strategy: The euro-dollar tests the record of 1.5902 but not succeed to break above. After this follow profit taken. For today the dollar will continue to recovery. The recovery but is based on profit taken and in the coming days of this week we predict new attack of the levels above 1.59. For today we recommend opening short positions. But if the dollar not succeeds to break below 1.57 we will recommend reversing and opening long positions again.