EUR/USD (1.3981)

European & US sessions forecast levels: 1.3890/1.4165

Trend Sessions: European: Neutral/Upward

US: Neutral/Upward

Market Focus: 10:00 AM Consumer Confidence, 4:00 AM EU Current account.

Daily Strategy: The dollar remains weak against the euro with slowly recovery based on North Korea nuclear test. As overall the factors against the dollar recovery are too much these days. The investors not prefer the dollar and prefer to buy euro, Swiss francs and pounds. The dollar may continue step back against the euro with a target level of 1.4250. It is expecting mix trading today. It is possible to see movements into both directions but may first see levels of 1.4250 and then to talk about dollar recovery.