EUR/USD (1.3469)

European & US sessions forecast levels: 1.3355/1.3630

Trend Sessions: European: Neutral/Downward

US: Neutral

Market Focus: 8:30 AM Durable Good Orders, Durable Ex-Transport, 10:00 AM New Home Sales, 5:00 AM Germany IFO Business Climate, IFO Current Conditions, IFO Expectations.

Daily Strategy: The fight for the dollar as world currency started. China offers to make new world currency to replace the dollar. Barak Obama support the dollar as said that the dollar is extraordinarily strong right now. He also adds that the global investors looked upon the dollar as safe instrument and the stability of the world largest economy. Obama will try everything to safe the dollar as world currency but for that reason the dollar have to rise. If the euro gain against the dollar to the levels above 1.60 the chances to safe the dollar are minimal.