EUR/USD (1.5789)

European & US sessions forecast levels: 1.5740/1.5890

Trend Sessions: European: Neutral/Upward

US: Upward

Market Focus: 10:00 Consumer Confidence, New Home Sales, 2:00 AM German Consumer Confidence, German Final GDP.

Daily Strategy: The dollar slowly move close to the record trading levels against the euro. The reason is the investor’s fears about the coming key economic news today. The US economy is still at the bottom and there are not clear signals that the bottom is here. The trading strategy today is to open long positions. We can see levels close to the records above 1.60 if the today’s reports continue to send negative signals for the US economy. The US housing sector is still not reached the bottom according to our information.