EUR/USD (1.2710)

European & US sessions forecast levels: 1.2515/1.2990

Trend Sessions: European: Downward

US: Neutral

Market Focus: 8:30 AM Durable Orders, Initial Claims, 10:00 AM New Home Sales.

Daily Strategy: The dollar will continue with the gains against the euro as the traders turn the capital to a sure dollar. But the key support of Euro-Dollar is at 1.2513. The break below may open the trading for levels below 1.24. Otherwise the euro may gain by the situation. The trading strategy today is opening short positions, as sell on high movement. The expecting key reports for the US economy today like Durable Orders, the weekly Initial Claims and New Home Sales may take control over the dollar.