European & US sessions forecast levels: 1.5360/1.5505
Trend Sessions: European: Neutral/Downward
Market Focus: 10:00 AM ISM Services, 4:30 AM Sentix Investor Confidence.
Daily Strategy: The dollar will remain stable against the euro today. The opening in Asian was with slightly movement against the dollar but it seems that in the coming hours the dollar will recovery the losses from earlier today. As overall the pressure against the dollar remain. This new week is key for the dollar as most of the traders are ready to buy euro against the dollar in expectations for trading back to 1.60 again. If the dollar breaks below 1.5360 the recovery of the dollar will continue. Otherwise we are predicting levels up to 1.57 for very short time.