EUR/USD (1.3895)

European & US sessions forecast levels: 1.3745/1.4000

Trend Sessions: European: Neutral

US: Neutral/Upward

Market Focus: 2:00 AM Germany PPI.

Daily Strategy: Today is not a rich day of economic events. The traders will continue to speculate about the end of the world recession. Slowly are forming two processes. The first is the start of consolidation at the level of 1.39 and the second recovery of the euro. These are the two possible scenarios today. We recommend to trade in a short trading range or to buy on dips movement.