EUR/USD (1.2946)

European & US sessions forecast levels: 1.2780/1.3060

Trend Sessions: European: Downward

US: Neutral/Downward

Market Focus: 2:00 AM Germany PPI.

Daily Strategy: In an absent of key fundamental events for the US economy the dollar gain. This is the usual strategy in the recent couple of months. The dollar will continue to take advantage against the euro till tomorrow when is the release of key USA housing sector reports. The dollar is support by the changed of US president. Obama officially is the new US President. There are a lot of expectations and optimism after the management of the worst US president George Bush. The dollar may rise to levels close of 1.28 today. The trading strategy is opening short positions today.