European & US sessions forecast levels: 1.3830/1.4135
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Initial Claims, 9:00 AM Net Long-Term TIC Flow, 10:00 AM Philadelphia Fed, 2:45 AM France CPI, HICP.
Daily Strategy: Different news moving the forex market these days. The risky appetite returned that pushes the dollar to levels of 1.41. The trading closes two key resistance levels at 1.4135 and 1.4195. The break above 1.4135 will follow closes to 1.4195. The break above the second key resistance may stop the current consolidation process between 1.38 and 1.42. The expecting scenario today is trading at 1.3930 and 1.4135 with chances for break above the first key resistance.