EUR/USD (1.2705)

European & US sessions forecast levels: 1.2555/1.2860

Trend Sessions: European: Neutral/Upward

US: Neutral/Downward

Market Focus: 10:00 AM Wholesale Inventories, 2:00 AM Germany Current Account, Trade Balance, CPI, HICP, 5:00 AM EU PPI.

Daily Strategy: Again the trading turn the short trend during the Asian session. The trading will continue in the range of 1.24/1.28. The trading process form consolidation at the levels of 1.24/1.28 and will narrow these days. For today there are key important events for the Europe locomotive - Germany. The trading will be mix today with movements into both directions. The first key resistance is formed at 1.2754 as the break above may open the trading to 1.2850/60.