EUR/USD (1.4867)
European & US sessions forecast levels: 1.4625/1.5060
Trend Sessions: European: Neutral/Upward
US: Upward
Market Focus: 8:30 AM Export Prices ex-ag, Import Prices ex-oil, Trade Balance, 9:55 AM Michigan Sentiment-Prel, 2:00 AM Germany GDP, 2:45 AM France CPI, HICP, 2:50 AM France GDP, 5:00 AM EU GDP, HICP.
Daily Strategy: The euro takes a step back as lose against the dollar the recent gains. But it seems this was a technical correction that will be using by the traders to open long positions with higher profit win. There are a lot of key economic events from the both sides of the Atlantic. These fundamental events may support the euro again and back the trading levels of 1.50. If the news is positive for the Euro Zone we expect fast trading movement up to 1.50.