EUR/USD (1.3674)

European & US sessions forecast levels: 1.3555/1.3770

Trend Sessions: European: Neutral/Upward

US: Neutral

Market Focus: 8:30 AM Export Prices ex-ag., Import Prices ex-oil, Retail Sales, Retail Sales ex-auto, 10:00 AM Business Inventories.

Daily Strategy: The dollar remains under pressure. The traders sell dollars to buy euro these day. The trading may reach the psychological level of 1.40 in a short time. The trading strategy today is to continue selling dollars and target levels above 1.38 that will happen in the coming 48-hours. The risky trades are attractive again. The other key speculation that keeps the euro strong is the interest rates in the Euro Zone. The traders speculate that 1.00% is the bottom of the Euro Zone interest rates level.