European & US sessions forecast levels: 1.2910/1.3130
Trend Sessions: European: Neutral
Market Focus: 9:00 AM Consumer Confidence.
Daily Strategy: The dollar gain over 300 pips since Friday. There are two reasons for the dollar gains. The one of the reason is technical recovery. The second is the rising fears for Swine flu. The trader€™s turn to the dollar stability when the world still is not stop the spread of the Swine flu. The dollar will remain strong these days on the forex market. The trading strategy is opening short positions, as sell on high movement. The traders also focus over the coming key US reports like Consumer Confidence today. The ECB interest rates cut are still on a daily order.