EUR/USD (1.3942)

European & US sessions forecast levels: 1.3805/1.4175

Trend Sessions: European: Neutral/Upward

US: Neutral/Downward

Market Focus: 8:30 AM NY Empire Manufacture Index, 9:00 AM Net Long-Term TIC Flow.

Daily Strategy: The dollar started the new business week with recovery against the euro. The key support is formed at 1.3805, as the break below will open the way for further dollar recovery. To happen that is necessary positive data for US Net Long-Term Treasury International Capital System Flow. Otherwise the dollar may lose the gains by the Asian session for a short time. It is expecting mix trading today with movements into both directions.