European & US sessions forecast levels: 1.5430/1.5585
Trend Sessions: European: Neutral
Market Focus: 2:00 AM German PPI.
Daily Strategy: The euro/dollar trading will remain at the levels between 1.52 and 1.59 in the coming 4-5 months. This is our forecasts based on the expectation for continue speculations when European Central Bank and Federal Reserve will raise the interest rates. The one of the moving factor on the market is the US economy situation and how deep is the crisis or recession. For today the forecast is for flat trading. The trading strategy is trading within the trading range. The ECB will continue to support euro as will continue to talk about hike of interest rates. These talks about hike of Euro Zone interest rates continue few years but in this time ECB continue to hold the interest rates unchanged.