European & US sessions forecast levels: 1.3690/1.4050
Trend Sessions: European: Neutral
Market Focus: 8:30 AM Durable Goods Orders, Durables, Ex-Transport, Initial Claims, 10:00 AM New Home Sales, 3:55 AM Germany Unemployment, 4:00 AM Bloomberg Retail PMI.
Daily Strategy: Euro/Dollar trading not succeeds to break above the key resistance at 1.4050 and turn down. Some of the traders take their profit as the recovery of the dollar started. The other reason for the dollar rise is caused by the fall in U.S. equities on Wednesday. There are many important economic events today that may send new positive signals for recovery of the world largest economy. It is possible to see continue of the dollar recovery today with new correction upward. If Euro/Dollar trading closes to 1.3940 may see the end of the dollar recovery.