European & US sessions forecast levels: 1.3455/1.3840
Trend Sessions: European: Neutral
Market Focus: 8:30 AM M Continuing Claims, Initial Claims, Trade Balance.
Daily Strategy: The euro/dollar consolidation process continues as the consolidation narrow in a short range. This process is a signal for expecting fast movements out of the consolidation process today or tomorrow. If the euro/dollar break above 1.37 is possible to see fast euro rise up above 1.38. On downside is possible break below 1.3580 that will be signal for further dollar recovery to levels of 1.34.