European & US sessions forecast levels: 1.4805/1.5060
Trend Sessions: European: Neutral/Upward
Market Focus: 10:00 AM Existing Home Sales, 2:30 AM Germany Flash Manufacture PMI, Flash Services PMI, 3:00 AM France Flash Manufacture PMI, Flash Services PMI, 4:00 AM EU Flash Composite PMI, Flash Manufacture PMI, Flash Services PMI.
Daily Strategy: The dollar losses about 100 pips against the euro during the Asian session. The losses were based on technical correction. The trading will remain within the trading range of 1.48 and 1.50. The trading expectations today is first to see levels close to 1.50 as later to see new correction downward back to 1.49 or even below.