EUR/USD (1.5832)

European & US sessions forecast levels: 1.5755/1.5990

Trend Sessions: European: Upward/Neutral

US: Upward

Market Focus: 8:30 AM NY Empire State Index, 9:00 AM Net Foreign Purchases, 9:15 AM Capacity Utilization, Industrial Production, 6:00 AM Employment Change.

Daily Strategy: The dollar sink continue after fantastic open in Asia with new huge dollar crash against the euro. The traders continue to sell dollars as the forecasts exceed the levels of 1.60 this week. The market is extremely unstable with just one direction. The banks have to action if not, the world economy will collapse. If there is not support for the dollar the forecasts are new upward movement and open long positions today.