EUR/USD (1.2108)

European & US sessions forecast levels: 1.1875/1.2215

Trend Sessions: European: Neutral/Upward

US: Neutral/Downward

Market Focus: 8:30 AM Retail Sales, Retail Sales ex-auto, 9:55 AM Michigan Sentiment, 10:00 AM Business Inventories, 2:00 AM Germany Wholesale price index, 2:45 AM France CPI, HICP.

Daily Strategy: The risky appetite back as the traders sell dollars these days. The gains on the stock market push the investors into risky assets. For today is expecting mix trading with movements into both directions. The chances for further euro recovery are down. The trading strategy is to trade into a short trading range today.