European & US sessions forecast levels: 1.4065/1.4290
Trend Sessions: European: Neutral/Upward
Market Focus: 9:55 AM Michigan Sentiment-Rev, 2:45 AM France Consumer confidence, 3:00 AM France Flash Services PMI, 3:30 AM Germany Flash Services PMI, 4:00 AM Germany IFO Business Climate, IFO Current Conditions, IFO Expectations, EU Flash Composite PMI, EU Flash Manuf. PMI, Flash Services PMI.
Daily Strategy: The last business day of the current week is very rich of economic events especially for the Euro Zone. The key fundamental events during the morning European session will be carefully monitor by the traders. It is expecting positive signals for recovery of the Euro Zone and the locomotive of Europe - Germany. After about 3-days of consolidation of Euro/Dollar at the levels of 1.42 and above some of the traders close their long positions that cause dollar recovery during the US session. The other reason for the dollar recovery was the rising oil prices. For today is expecting mix trading as is possible the dollar to lose the recent gains.