European & US sessions forecast levels: 1.4615/1.4775
Trend Sessions: European â€“ Neutral/Upward
US â€“ Neutral
Market Focus: 8:30 AM Initial Claims, 10:00AM Leading Indicators, Philadelphia Fed, 2:45 AM French CPI, 4:00 AM EU Current Account
Daily Strategy: The FOMC Minutes collapse the dollar up above 1.47 again after the report that Fed is necessary rapid reversal of interest rates. The euro-dollar trading continues almost 3-months into consolidation level between 1.43 and 1.49. The wave trading watching the chart show that in near-term will have attack in one of these two key levels. For today is expecting mix trading, as overall the pressure against the dollar will continue.