EUR/USD (1.5787)

European & US sessions forecast levels: 1.5730/1.5905

Trend Sessions: European: Neutral

US: Neutral/Upward

Market Focus: 9:45 AM Chicago PMI, 3:00 AM EU M3 Money Supply, 4:00 AM Italian CPI, EU CPI, EU Consumer Confidence,

Daily Strategy: The market awaits direction. The start of the new week is flat without significant movements. This week is expecting speculations about new poor results for US jobs market. That will make the dollar weak again. In FS Team the forecast is for new test of the levels above 1.5900. If the EUR/USD breaks above 1.59 we predict fast movements to the psychological levels of 1.60. For today the trading strategy is waiting for good bottom and open long positions. If EUR/USD break below 1.5825/30 then reverse in profit taken process.