European & US sessions forecast levels: 1.3145/1.3340
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Initial Claims, Personal Income, Personal Spending, Employment Cost Index, 9:45 AM Chicago PMI, 2:45 AM France PPI, 5:00 AM EU Flash HICP, EU Unemployment.
Daily Strategy: The GDP report yesterday turns the investors to yielding currencies. This is the main reason for the dollar loses against the euro. The Federal Reserve did not expand the plan to buy Treasuries. The dollar was set under pressure after the break of the key resistance at 1.3300. The forecast is that slowly the dollar will lose against the euro and may reach the levels of 1.3440 in the coming 48-hours. The trading strategy today is opening long positions.