European & US sessions forecast levels: 1.3890/1.4140
Trend Sessions: European: Neutral
Market Focus: 9:00 AM Consumer Confidence, 9:45 AM Chicago PMI, 2:50 AM France PPI, 4:00 AM EU Flash HICP, M3 3 month.
Daily Strategy: The dollar loses against the euro as is close to the key resistance at 1.4140. The break above will follow 1.4170 the second key resistance. If break above 1.4170 the current trend will break and we can see levels of 1.4350/1.4410 in the coming couple of days. The trading strategy today is to use the current key resistance to open short positions. If the trading breaks above the resistance reverse and open long positions.