EUR/USD (1.2991)
European & US sessions forecast levels: 1.2930/1.3440
Trend Sessions: European: Neutral/Downward
US: Neutral/Upward
Market Focus: 8:30 AM Non-farm Payrolls, Non-farm Payrolls private, Unemployment Rate, Hourly Earnings, Average Workweek, 3:00 PM Consumer Credit.
Daily Strategy: The dollar hit 4-months high against the euro due too expectations for strong boost of U.S. jobs market. The traders expect evidence for recovery of the world largest economy. If the report is not so good as the expectations the dollar may lose much of the gains during this first week of 2011. FS Team expect the first key support is at 1.2970 as the break below may push the level of 1.2930.