European & US sessions forecast levels: 1.3190/1.3435
Trend Sessions: European: Neutral/Downward
Market Focus: 8:15 AM ADP Employment Change, 3:55 AM Germany Services PMI, 4:00 AM EU Services PMI, 5:00 AM EU Retail Trade.
Daily Strategy: The rising concerns that US banks short of capital prompted investors to avoid higher-yielding assets. That was the main reason for the end of euro rising by this week. The dollar is one the way to recovery and may close to 1.30 again. The trading strategy today is to back to dollar positions. We recommend opening short positions, as sell on any high movement.