European & US sessions forecast levels: 1.3210/1.3425
Trend Sessions: European: Neutral/Downward
Market Focus: 2:00 PM Consumer Credit, 5:00 AM EU GDP 2nd Est.
Daily Strategy: The dollar gain against the euro as the recession is still on the way. The plan of Obama may fail as the traders turn to the dollar as stability currency. The forecast is for continue recovery of the dollar these days. The latest news for US unemployment does not give signals for recovery. The unemployment rise as the bottom is still far away. The trading strategy today is opening short positions. It is expecting move down below 1.3270 today.