European & US sessions forecast levels: 1.3455/1.3840
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Building Permits, Housing Starts, Export Prices ex-ag, Import Prices ex-oil, 2:15 PM FOMC Rates Decision, 2:45 AM France CPI, HICP, 5:00 AM Germany ZEW (Current Conditions), ZEW (Economic Sentiment), EU ZEW (Current Conditions), ZEW (Economic Sentiment), HICP - Core (F), HICP (F).
Daily Strategy: After the dollar recovery during the European session on Monday the investors sell dollars ahead the key FOMC Rates Decision. It is expecting the Fed to leave the interest rates unchanged at 0.25% but it is expecting signals that Fed is ready to hike interest rates soon. There are many economic events in United States and Europe today that may move the markets and make unpredictable. It is expecting to see EUR/USD at 1.3745/55 today is one of the trading strategies today.