EUR/USD (1.3921)

European & US sessions forecast levels: 1.3830/1.4070

Trend Sessions: European: Neutral/Downward

US: Neutral

Market Focus: 2:00 PM Treasury Budget.

Daily Strategy: The dollar remains strong against the euro. The stability of the dollar is well accepted these days as the traders forget about the risky assets. But still is too early for the dollar to make serious recovery. The movements are at the levels of 1.38/1.40. It is necessary break below the key support at 1.3832. If the trading break below 1.3832 we can see turn of the current trend into downward. The dollar may recovery fast to the levels of 1.36. Otherwise the level of 1.3832 will be using for opening of long positions with target of 1.3980.