EUR/USD (1.4093)

European & US sessions forecast levels: 1.3915/1.4175

Trend Sessions: European: Neutral/Upward

US: Neutral/Downward

Market Focus: 8:30 AM Export Prices ex-ag, Import Prices ex-oil, 9:55 AM Michigan Sentiment-Prel, 2:00 Germany Wholesale price index, 2:45 AM France CPI, Current Account, HICP.

Daily Strategy: The Euro/Dollar trading is mixed during the last few days. There is not clear direction. The chart analysis shows that is form process of consolidation at the current levels of 1.40-1.41. It is needed a key news to move the forex market out of the consolidation process. The trading strategy today is to trade within the trading range. It is expecting movements into both directions. We recommend using the trading levels to open your positions.