EUR/USD (1.4939)
European & US sessions forecast levels: 1.4625/1.5060
Trend Sessions: European: Neutral/Upward
US: Neutral/Upward
Market Focus: 2:00 AM Germany Trade Balance, Current Account, 2:30 AM France BoF Business Confidence, 4:00 AM EU Services PMI, Sentix Indicator, 6:00 AM Germany Industrial Production.
Daily Strategy: The dollar fell on Monday sharply against the euro due too serial of reasons. The most important is the end of G20 meeting that not sends signals to support the weak dollar. The other reason is the Friday’s jobs report that shows Unemployment Rate as high as 10.2% much worse than the forecast of 9.9%. The jump in commodity prices also was negative for the dollar that probably will back at this year record low levels of 1.5060. We recommend opening long positions today.