EUR/USD (1.3181)

European & US sessions forecast levels: 1.3055/1.3280

Trend Sessions: European: Neutral/Downward

US: Neutral/Downward

Market Focus: 10:00 AM Wholesale Inventories, 2:00 AM Germany Current Account, Trade Balance, 6:00 AM Germany Factory orders.

Daily Strategy: The dollar continue with the slowly recovery against the euro following our forecast by the prior days. The reason for the dollar gains is the forecast that the US stock market is enough gain as is expecting again downward movement in the coming days. Also the Asian stock extended losses that push the traders to buy dollars. The dollar will continue slowly with the recovery these days. The trading strategy today is to hold short positions.