European & US sessions forecast levels: 1.4685/1.4925
Trend Sessions: European: Neutral/Upward
Market Focus: 10:00 AM Construction Spending, ISM Index, Pending Home Sales.
Daily Strategy: The euro start the news business week with recovery based on speculations that the global recovery continue. The traders sell the safety currency as back to risky and high-yield currencies like euro and yen. The euro may continue with the recovery today as we recommend opening long positions. As overall is not expecting strong up trend today as is possible to see resistance at 1.4840/50.