EUR/USD (1.2938)

European & US sessions forecast levels: 1.2850/1.3065

Trend Sessions: European: Neutral/Upward

US: Neutral/Downward

Market Focus:

Daily Strategy: The gain of the dollar against the euro is over. It is expecting mix trading as the dollar may lose the recent gains. The trading of euro/dollar consolidates at the levels of 1.2895 and 1.2995. The break below the key support at 1.2895 will continue with the dollar gains to 1.2850 that will signal continue of the downtrend. The break above 1.2995 will break the downtrend and the consolidation process that may send the trading above 1.32 in a short time. The trading strategy today is to use the both key support/resistance levels.