European & US sessions forecast levels: 1.5460/1.5630
Trend Sessions: European: Neutral
Market Focus: 10:00 AM Factory Orders, 5:00 AM EU Revised GDP, PPI, 9:00 AM Fed Chairman Bernanke Speaks, ECB President Trichet Speaks.
Daily Strategy: The dollar consolidates at the current levels. Although the better than expected ISM Index the dollar not succeed to break below 1.5460. The trader’s wait the key speaks of Bernanke and Trichet to continue with the trading. It is necessary solid support for the dollar to break below the current support level at 1.5460. Otherwise if the dollar not breaks below the current support reverse and open long positions.