EUR/USD (1.2397)European & US sessions forecast levels: 1.1875/1.2670Trend Sessions: European: Neutral/UpwardUS: NeutralMarket Focus: 2:00 AM Germany PPI.Daily Strategy: The Euro made fast recovery against the dollar after positive news for Spain. The euro rose against the green back after Spain successfully raised nearly 3.5 billion euros in an auction of 10 and 30-year bonds. There is also positive news for Greece debt reforms. At the same time negative news for U.S. Initial claims pushes the investors to trade euro again.