European & US sessions forecast levels: 1.2525/1.3335
Trend Sessions: European: Neutral/Upward
Daily Strategy: The euro slowly recovered against the dollar yesterday after the positive news for Irish and Spanish debt auction results. But as overall the trading is into the consolidation line of 1.27/1.29. It seems that the trading into the line 1.27/1.29 will continue today or even longer. The trading strategy is to use the trend and open short positions closing 1.29 level or reverse if break above.