European & US sessions forecast levels: 1.4065/1.4245
Trend Sessions: European: Neutral/Upward
Daily Strategy: There are not key economic events today. The dollar remains weak against the euro as the risky appetite rises. Federal Reserve Chairman Ben Bernanke, writing in the Wall Street Journal that accommodative policies would likely be warranted for an extended period but the Fed would need to tighten policy to prevent inflation as economic recovery takes hold. The traders prefer the euro these days and forget about the stability of the dollar. The dollar may continue losses these days as is recommend opening long positions.