EUR/USD (1.3532)

European & US sessions forecast levels: 1.3280/1.3710

Trend Sessions: European: Downward

US: Neutral/Downward

Market Focus: 10:00 AM Factory Orders, ISM Services, 5:00 AM EU Flash HIPC.

Daily Strategy: The dollar start the first business week with a serious jump against the euro. The dollar will continue gain against the euro that is under pressure. While in USA cut the interest rates to the lowest level, Europe is on the way. The speculations for the necessary of fast interest rates reduction in Euro Zone push the euro to lose against the dollar. The Euro will continue to fall against the dollar. The trading strategy today is opening short positions. We recommend using the technical element to determine the key level for opening short position.