European & US sessions forecast levels: 1.4110/1.4580
Trend Sessions: European: Neutral/Downward
Market Focus: 8:30 AM Housing Starts, Building Permits, Core PPI, PPI, 2:00 AM Germany PPI.
Daily Strategy: The dollar made a fast gain against the euro. The worse than expecting data for the Euro Zone and Euro Zone locomotive Germany is one of the reasons for the fast dollar gains. The dollar will continue rise today as will focus over the key U.S. housing sector data. The euro/dollar is at 4-months and half recover level. The trading strategy is to follow the trend today.