EUR/USD (1.3375)
European & US sessions forecast levels: 1.3265/1.3590
Trend Sessions: European: Neutral/Downward
US: Neutral/Downward
Market Focus: 3:00 PM Consumer Credit, 2:58 AM EU Composite PMI, Services PMI, Germany Services PMI, 4:00 AM EU GDP, PPI, 5:00 AM Germany Factory Orders.
Daily Strategy: The speculations that Greece will not out of the debt crisis so easy is one of the reasons for sell of the euro. The investors expect the same problems for Portugal. The traders back to the stability of the dollar and yen. The dollar will continue rise these days, as the trading strategy is to open short positions.