EUR/USD (1.3165)

European & US sessions forecast levels: 1.3080/1.3300

Trend Sessions: European: Neutral

US: Neutral/Downward

Market Focus:

Daily Strategy: The euro/dollar reached to our target of 1.33 on Friday and is time for correction down. There are not key economic events today. But there are many important events this week that will affect the euro/dollar trading. The key resistance formed at 1.3300 as the chance to break above this level is minimal. The trading strategy today is opening short positions, as sell on high movement. The euro zone interest rates expectations are one of the key speculations these days. The most expecting scenario is ECB to cut the interest rates with 25 bps.