EUR/USD (1.2583)

European & US sessions forecast levels: 1.2510/1.2710

Trend Sessions: European: Neutral/Downward

US: Neutral

Market Focus: 8:30 AM PPI, Core PPI, Initial Claims, 10:00 AM Leading Indicators, Philadelphia Fed.

Daily Strategy: The dollar gains continue against the euro as set new support level at 1.2513. The break below the level of 1.2513 will open the way for 1.2390. This level are expecting in a short time. USA and Europe send signals that will spend billions of dollars and euros to keep the jobs places, the banks stability and avoid corporation’s bankruptcy. But the small banks in United States are leave to bankruptcy. The US reports today will show that the recession continue as the jobs losses rising. Although the negative news for the US economy is expect the advantage of the dollar to continue.