European & US sessions forecast levels: 1.4005/1.4325
Trend Sessions: European: Neutral/Downward
Market Focus: Building Permits, Housing Starts, PPI, Core PPI, 4:00 AM EU Current account, 5:00 AM Germany ZEW (Current Conditions), ZEW (Economic Sentiment), EU ZEW (Current Conditions), ZEW (Economic Sentiment).
Daily Strategy: The dollar remains strong against the euro as the latest speculations shows that US consumer spending is not enough strong. The US consumer spending provides about 70% of GDP in the world largest economy. The euro/dollar may test the current first key support at 1.4050 and after that 1.4005. If the test below 1.4005 is successive the dollar may continue with the recovery in the coming days.