EUR/USD (1.5564)

European & US sessions forecast levels: 1.5475/1.5645

Trend Sessions: European: Neutral

US: Neutral/Upward

Market Focus: 10:00 AM Leading Indicators.

Daily Strategy: The pressure over the dollar remains after mix economic data. The rumors move the dollar above the levels of 1.55. The rumors indicate that the US economy is still not reached the bottom. We are expecting the speculations whether the US economy is at the bottom or not to continue move the dollar trading in the coming few months time. We can say clear whether the bottom is here or not at least at the end of the summer. Till then we expect the speculations to dominant on the forex market. For today the forecast is for mix trading with temporary recovery of the dollar and new movement up.