EUR/USD (1.5559)

European & US sessions forecast levels: 1.5460/1.5615

Trend Sessions: European: Neutral

US: Neutral/Upward

Market Focus: 8:30 AM Export Prices ex-ag., Import Prices ex-oil, Initial Claims, Retail Sales, Retail Sales ex-auto, 10:00 AM Business Inventories, 3:45 AM French Non-farm Employment, 5:00 AM ECB Monthly Bulletin.

Daily Strategy: The dollar again set new record level against the euro. Although the Fed injection of $200 B the traders continue to sell dollars in expectations for levels close to 1.60 in the coming few days. The all news from the Euro Zone remains stable and positive also the export is stable in spite the strong Euro. For today the forecast is temporary recovery of the dollar, but as overall new records are expecting.