EUR/USD (1.2743)

European & US sessions forecast levels: 1.2610/1.2920

Trend Sessions: European: Neutral/Downward

US: Neutral/Downward

Market Focus: Market Holiday in USA – President’s Day.

Daily Strategy: In the day when the US markets are closed and in an absent of key economic data the dollar start with jump gain against the euro. The dollar can break the key EUR/USD support at 1.2705 and target the levels down to 1.2610 today. But if the trading does not break below 1.2705 the dollar may lose the gains by the Asian opening today. The chances for dollar gains in the coming 48-hours are high, as the break below 1.2705 is widely expecting.