EUR/USD (1.3872)

European & US sessions forecast levels: 1.3745/1.4030

Trend Sessions: European: Neutral

US: Neutral/Upward

Market Focus: 8:30 AM CPI, Core CPI, 5:00 AM EU Trade balance.

Daily Strategy: The dollar stopped the recovery today as Russia calls for the end of dollar dominance. Russia together with China is one of the major countries that reserves are store in US dollars. Eventually transforming into another currency may seriously hurt the dollar that is the main international currency at the moment. It is expecting mix trading today with movements into both directions. The trading strategy today is to use the key support/resistance levels to trade.