European & US sessions forecast levels: 1.3415/1.3735
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Initial Claims, GDP Q4-Final, GDP Price Index.
Daily Strategy: The trading of euro/dollar consolidates at the levels of 1.34/1.37. The consolidation will continue these days, as the break of one of the key support/resistance levels will stop this process. The latest news that is on focus is the China offer for new global currency and the effect of Obama new plans for billions of dollars. The trading strategy today is trade within the trading range. Use the support level at 1.3415 to open long position and the level of 1.3735 to open short position.