EUR/USD (1.5001)
European & US sessions forecast levels: 1.4805/1.5145
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market Focus: 10:00 AM Construction Spending, ISM Index, Pending Home Sales, 2:00 PM Auto Sales, Truck Sales, 2:00 AM Germany Retail Sales, 3:55 AM Germany Unemployment, 5:00 AM EU Unemployment.
Daily Strategy: The trading consolidates close to 1.50. The reasons for mix trading and consolidation is the speculations about the company Dubai World whether will out of the crisis with a central bank help or the crisis will deeper. It is expecting mix trading today. We recommend trading within the trading range.