EUR/USD (1.5777)

European & US sessions forecast levels: 1.5725/1.5915

Trend Sessions: European: Neutral/Upward

US: Neutral/Upward

Market Focus: 8:30 AM Export Prices ex-ag., Import Prices ex-oil, 10:00 Michigan Sentiment-Prel., 2:00 AM German WPI, 6:00 AM Composite Leading Indicators.

Daily Strategy: The dollar again set new record against the euro after massive dollar sells. The European Central Bank not signal changes in the interest rates politic. The dollar was trading at 1.5913 against the euro in US session. After the profit taken from the new record gain the dollar is on the way to test again new records today. For today we recommend opening long positions. The dollar will test 1.60 in the coming days.