EUR/USD (1.4876)
European & US sessions forecast levels: 1.4650/1.4975
Trend Sessions: European: Upward
US: Neutral/Upward
Market Focus: 8:30 AM Export Prices ex-ag, Import Prices ex-oil, Retail Sales, Retail Sales ex-auto, 10:00 AM Business Inventories, 2:00 PM FOMC Minutes, 5:00 AM EU Industrial production.
Daily Strategy: The dollar set new 14-months record low level against the euro. The dollar breaks above many key resistances as may break above 1.50 in a short time. Many traders open long positions as back to the risky assets that cause the dollar failure. The new records in Gold price and the rising Oil prices also set the question for the dollar statute like world currency. There are not short time indications for support of the dollar. The trading strategy remains to open long positions.