EUR/USD (1.3408)
European & US sessions forecast levels: 1.3265/1.3570
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 8:15 AM ADP Employment Change, 9:45 AM Chicago PMI, 10:00 AM Factory Orders, 1:45 AM France PPI, 2:45 AM Germany Unemployment, 4:00 AM EU Flash HICP, Unemployment.
Daily Strategy: The dollar recovered half of the losses from Friday and Monday. The speculations about the Greece financial situation are the major factor causes the forex movements these days. The dollar may continue recovery as is on the way to test the key support at 1.3265 that is expecting to break below in the coming week. The trading strategy today is to open short positions after the technical upward correction.