European & US sessions forecast levels: 1.4485/1.4615
Trend Sessions: European â€“ Neutral
US â€“ Neutral
Market Focus: 8:30 AM Retail Sales, Retail Sales ex-auto, 10:00 AM Business Inventories, 2:00 AM German WPI, 2:45 AM French Government Budget Balance, 5:00 AM Industrial Production
Daily Strategy: After the positive German ZEW Economic Sentiment the Euro gain against the dollar. The data was surprise for the traders because was widely expecting worse report. For today is expecting recovery of the dollar against the euro. The key resistance that will stop the dollar recovery is at 1.4613, as the break above will turn the neutral trend into upward. The daily strategy is opening short positions today.