EUR/USD (1.3547)
European & US sessions forecast levels: 1.3455/1.3840
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 10:00 AM New Home Sales, 2:00 AM Germany GDP, GFK Consumer Sentiment, 5:00 AM EU Ind. new orders.
Daily Strategy: The dollar remains strong against the euro. The downtrend will continue although the possible temporary correction up to 1.3750. The speculations that the U.S. economy wills recovery faster than the European help to the dollar to gain. The trading strategy today is to wait for an upward correction and then open short position.