EUR/USD (1.5000)
European & US sessions forecast levels: 1.4825/1.5045
Trend Sessions: European: Neutral/Upward
US: Neutral/Upward
Market Focus: 8:30 AM Initial Claims, Continuing Claims, 10:00 AM Leading Indicators, FHFA Housing Price, 3:45 AM France INSEE Business Confidence, 4:00 AM Italy Retail Sales, EU Current account.
Daily Strategy: The dollar fell below 1.50 that was key psychological level. The break of 1.50 is signal that the dollar will remain weak and may continue to fall against the euro as low as 1.60. The rising oil price is not the only one reason. There is not real support for the dollar as the risky trading is much appetite these days. The dollar will continue with the losses against the euro. We recommend opening long positions, as buy on every down correction.