EUR/USD (1.3780)
European & US sessions forecast levels: 1.3585/1.4025
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market Focus: 8:30 AM Continuing Claims, Initial Claims, 10:00 AM Business Inventories, 2:00 AM Germany Wholesale price index.
Daily Strategy: The dollar loses some of the recent gains during the U.S. and Asian session. The one of the most expecting news today are the results by EU summit. The summit will discuss how to help Greece in the crisis. On the other side Ben Bernanke prepared statement suggests possible interest rates hike. The markets will be moving by the news by EU summit and eventually interest rates in USA.