EUR/USD (1.5763)

European & US sessions forecast levels: 1.5695/1.5865

Trend Sessions: European: Neutral/Upward

US: Neutral/Upward

Market Focus:

Daily Strategy: The US market is closed today. Today is Memorial Day. In spite the closed markets the dollar will remain under pressure. The reasons are new negative forecasts for the situation of US economy and the high oil prices. The dollar will fall above 1.58 against the euro again today or in the coming few days. The expectations are to see new test above the psychological levels above 1.60. For today the trading strategy is opening long positions, as buy on dips.