EUR/USD (1.3913)

European & US sessions forecast levels: 1.3730/1.4040

Trend Sessions: European: Neutral/Upward

US: Neutral/Upward

Market Focus:

Daily Strategy: The dollar is set to attack following our forecast for trading levels of 1.40. The reason for the dollar loses is worries for the growing U.S. government debt. The investors do not see the dollar as stability currency these days. The losses of the dollar will continue as are possible temporary recovery that is best moment to open long positions. The trading strategy today is open long position as buy on dip correction. There are not key economic events today as in such days the dollar usually gain against the euro. It is possible to start take profit moment today or if not happen today this will happen next week. If starts profit taken today we will reverse and open short positions.