European & US sessions forecast levels: 1.4320/1.4635
Trend Sessions: European: Neutral
Market Focus: 5:00 AM EU Industrial production.
Daily Strategy: The pressure against the dollar remains. Some of the traders may start profit taken this week. But the euro/dollar trend remains upward. The U.S. Retail Sales is on focus this week. It is expecting better Retail Sales report this week but that may not help to the dollar. The trading strategy today is to open long position, as buy on dips. It is early to see turning of the trend into downward as the chances are less than 30% for such trend.