European & US sessions forecast levels: 1.3055/1.3305
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Export Prices ex-ag, Import Prices ex-oil, Initial Claims, Trade Balance, 2:00 AM Germany CPI, HICP.
Daily Strategy: The trading euro-dollar slowly consolidates at the levels close to 1.32. It is necessary new fresh news to break the current process of consolidation. The key resistance is formed at 1.3305 as the break above may open the way for levels above 1.35 in short time. The today€™s report for US weekly initial jobless claims may show deeper of the recession. The job losses in USA is one of the major problem these days when most of the people leave their jobs caused by the recession.