European & US sessions forecast levels: 1.4785/1.4870
Trend Sessions: European â€“ Neutral
US â€“ Neutral/Downward
Market Focus: 10:00 AM ISM Services, 3:55 AM German Services PMI, 4:00 AM Services PMI, 5:00 AM Italian CPI, EU Retail Sales.
Daily Strategy: The market remain flat and in low volumes. The traders expecting new key fundamental data to continue with the active trading. For today the forecast is temporary movement of EUR/USD up to 1.4845/65 and reverse down to 1.48. It is necessary break below 1.4786 to continue with the dollar recovery. The break below is possible if ISM Services today show better performance. As overall todayâ€™s forecast is trading into neutral direction.