EUR/USD (1.5398)

European & US sessions forecast levels: 1.5325/1.5460

Trend Sessions: European: Neutral/Downward

US: Neutral

Market Focus: 8:30 AM Initial Claims, 7:45 AM ECB Interest Rate, 8:30 AM ECB Press Conference.

Daily Strategy: The dollar continues to gain against the euro after the support of Bernanke. The dollar is also supported by the positive news for US economy. The recovery will continue today. The most important news today is the interest rates decision for the Euro Zone and the follow conference. The traders expect European Central Bank to hold the interest rates unchanged at 4.00% but to confirm rise very soon. The reason for the raise is the high inflation in the Euro Zone.