European & US sessions forecast levels: 1.3530/1.3840
Trend Sessions: European: Neutral
Market Focus: 5:00 AM EU Trade balance, 8:30 AM Housing Starts, Building Permits, Export Prices ex-ag, Import Prices ex-oil, 9:15 AM Industrial Production, Capacity Utilization, 2:00 PM Treasury Budget, FOMC Minutes.
Daily Strategy: The dollar loses about 200 pips against the euro in spite the positive news for the U.S. economy. The traders cut the positions and take profit yesterday. The current euro recovery is a temporary process. The dollar will continue with the recovery after this correction.