European & US sessions forecast levels: 1.4065/1.4195
Trend Sessions: European: Neutral/Upward
Market Focus: 10:00 AM Leading Indicators, 2:00 AM Germany PPI.
Daily Strategy: The dollar lost the recent gains due too the rising optimism for the world economy. The traders back to risky trades as buy euro for dollars. The euro/dollar closes the key resistance at 1.4195. The break above will cut the current neutral trend at the levels of 1.38/1.42. The break above 1.4195 will open the way for further euro gains. The trading strategy is to use the key resistance at 1.4195 to open short positions, as the break above will mean to reverse and open long positions.