European & US sessions forecast levels: 1.3030/1.3340
Trend Sessions: European: Neutral
Market Focus: 8:30 AM Initial Claims, 10:00 AM Factory Orders, 2:45 AM France PPI, 7:45 AM ECB Interest rates announcement.
Daily Strategy: The key news today is the expecting European Central Bank interest rates decision. It is expecting ECB to cut the interest rates with 50 bps to 1.00%. On the press conference after that ECB may signal that if it is necessary will cut the interest rates again. It is expecting dynamic day as the trading strategy today is trading within the trading range. The trading idea today is opening short position close to the key resistance at 1.3340.