European & US sessions forecast levels: 1.4050/1.4445
Trend Sessions: European: Neutral/Downward
Market Focus: 9:45 AM Chicago PMI, 5:00 AM EU Flash HICP.
Daily Strategy: The dollar is on the way to recovery loses from Thursday. The trading continues in the last August day within the trading range of 1.4050 where is formed key support and 1.4445 with the key resistance. The break of one of these levels will open the way for further movements. The chances for such a break are not high. But at the end of the week is the very important news for U.S. Jobs market. The news will move the forex trading this week. For today the strategy is to trade into short range as the dollar may continue with the recovery.