EUR/USD (1.2586)

European & US sessions forecast levels: 1.2515/1.2710

Trend Sessions: European: Neutral/Upward

US: Neutral/Downward

Market Focus: 8:30 AM CPI, Core CPI, 2:45 AM France HICPI, INSEE Business Confidence, CPI, 4:00 AM EU Flash Manufacturing PMI, Flash Services PMI.

Daily Strategy: The US dollar offer stability these days. The traders buy dollars and gold when the global economy remains in difficulty. In the whole world including developing countries the nationalization of the banks is fact and is more likely. The gains of the dollar would not be so strong but in the coming days will continue. The trading strategy is opening short positions as sell on any high movement. The EUR/USD may rise to 1.2670 where will face resistance and will start recovery to the levels down below 1.26.