European & US sessions forecast levels: 1.3980/1.4250
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Personal Income, Personal Spending, 10:00 AM Construction Spending, ISM Index, 3:55 AM Germany Manufacture PMI.
Daily Strategy: The investors continue to sell dollars. The Euro/Dollar is trading at 5-months record since the New Year. The tendency for weak dollar remains this week. The last signals for recovery of the world largest economy push the investors to risk on the markets again. The dollar stability is not needed, as the risky positions are attractive. The dollar will continue loses with target of 1.4250. There are chances for break above 1.4250 also. The trading strategy is to open long positions, as buy on dip corrections.