EUR/USD (1.4291)
European & US sessions forecast levels: 1.4260/1.4410
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 8:30 AM GDP, 10:00 AM Existing Home Sales, 2:00 AM Germany GFK Consumer Sentiment, 2:45 AM France PPI.
Daily Strategy: The dollar continues gain against the euro at the year-end. Most of the traders cut their long positions and open short. The dollar recovery will continue in the last few business days for 2009. The trading strategy is to open short position on high movements. The dollar may raise to a level close to 1.4040 that is 4-months record low level.