EUR/USD (1.4780)
European & US sessions forecast levels: 1.4485/1.4845
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 2:45 AM France CPI, Current Account, HICP, 5:00 AM EU ZEW (Current Conditions), ZEW (Economic Sentiment), Germany ZEW (Current Conditions), ZEW (Economic Sentiment).
Daily Strategy: The dollar remains weak as is trading close to the 1-year record low level. The risky appetite traders back again these days as the dollar may continue losses with testing of 1.4845 levels. The trading strategy today is to buy on dips movement. It is possible temporary recovery of the dollar today but as overall the tendency is for new weak levels of the dollar.