EUR/USD (1.3932)

European & US sessions forecast levels: 1.3745/1.4030

Trend Sessions: European: Neutral/Downward

US: Neutral

Market Focus: 8:30 AM Initial Claims, 10:00 AM Leading Indicators, Philadelphia Fed.

Daily Strategy: The trading for the last few days is mixed as the movements into both directions closes to 1.38/1.39. The level is possible to push euro/dollar to consolidate at that level. The latest speculations show that Fed would not hike the interest rates so fast. The trading idea today is to trade close to the current level as the consolidation process start. It is possible to see slowly recovery of the dollar today. But first you may wait for upward movement before opening short positions.