EUR/USD (1.3348)
European & US sessions forecast levels: 1.3265/1.3590
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 10:00 AM Wholesale Inventories, 2:00 AM Germany Current Account, Trade Balance, 2:45 AM France Industrial Production, Manufacturing Production.
Daily Strategy: The European Central Bank leaves the key interest rates at a record low level of 1.00%. The decision was expecting but cause sell of euro by the market traders. Also the weak euro is cause by the concerns whether Greece can avoid the financial crisis alone. The dollar will continue advance against the euro today. The trading strategy is to open short positions.