European & US sessions forecast levels: 1.4750/1.4890
Trend Sessions: European â€“ Neutral
US â€“ Neutral/Downward
Market Focus: 10:00 AM Factory Orders, 4:30 AM Sentix Investor Confidence, 5:00 AM PPI.
Daily Strategy: It is expecting speculative trading day. The trading strategy today is to wait for higher levels of 1.4855/75 where to open short positions. If the dollar break below 1.4786 will continue with the recovery against the euro. If the dollar fall to the levels of 1.49 will follow attack of the record high levels. For today the second scenario is with minimal chances. The speculations that Fed will cut the interest rates again on the next meeting will continue to make pressure over the dollar.