European & US sessions forecast levels: 1.3190/1.3385
Trend Sessions: European: Neutral
Market Focus: 10:00 AM Construction Spending, Pending Home Sales.
Daily Strategy: The dollar remains under pressure against the euro. The trading is close to the key resistance at 1.3385. The break above the level of 1.3385 may lead to upward trend to 1.36. The chances for break above 1.3385 rising as the world largest economy send positive signals. The recession closes to the bottom and may start recovery this year. The trading strategy today is opening long positions, as buy on dips.
FS Team finished with a social investigation whether is needed new global currency. The traders were sure that such currency is not necessary. The world currency was refused by 71% of all votes. It is not necessary new world currency that will be manage by unknown economy and new group of people who can speculate much more than the speculations of these days. The social investigation was public here: http://www.forex-strategy.com/vote.html.