European & US sessions forecast levels: 1.2875/1.3690
Trend Sessions: European: Neutral/Downward
Market Focus: 10:00 AM Factory Orders.
Daily Strategy: The dollar remains strong against the euro as the investors back to safety currency. The debt crisis spread in the Euro Zone push the traders to sell euro due too the multi billion injections into safety plans for Greece. At the same time China warned Washington it is adamantly opposed to a proposed U.S. bill aimed at forcing Beijing to let its currency rise, saying its passage could lead to a trade war between the world's top two economies. All these news help the dollar to set 10-months high against the euro.