EUR/USD (1.2917)

European & US sessions forecast levels: 1.2720/1.3095

Trend Sessions: European: Neutral/Upward

US: Neutral/Downward

Market Focus: 9:55 AM Michigan Sentiment-Prel, 2:00 AM Germany GDP, 5:00 AM EU Flash GDP.

Daily Strategy: The euro/dollar trading remains within the broad trading range of 1.2705 and 1.3095. For already two weeks the trading is within this range. The economic news and Obama plan for recovery by the crisis could not help to find new trend. It is expecting new mix trading today. The trading strategy today is opening short positions. The chances for break below 1.2705 or above 1.3095 are minimal. We recommend trading within the trading range.