EUR/USD (1.4229)

European & US sessions forecast levels: 1.4050/1.4325

Trend Sessions: European: Upward

US: Neutral/Upward

Market Focus: 8:30 AM Initial Claims, 10:00 AM Leading Indicators, Philadelphia Fed.

Daily Strategy: The dollar fell against the euro and basket of currencies due too the tumble of Chinese shares. The other reason for dollar losses yesterday is the high jump of crude oil prices with more than $4 for few hours. Currently the dollar consolidates at the levels above 1.42 but is ready to fell more in the coming hours against the euro. The trading strategy is to buy at dips today with target close or even above 1.43.