EUR/USD (1.3808)

European & US sessions forecast levels: 1.3680/1.4030

Trend Sessions: European: Neutral

US: Neutral/Upward

Market Focus: 8:30 AM Building Permits, Housing Starts, PPI, Core PPI, 9:15 AM Capacity Utilization, Industrial Production, 5:00 AM Germany ZEW (Current Conditions), ZEW (Economic Sentiment), EU HICP (F), EU Labour cost index, EU ZEW (Current Conditions), EU ZEW (Economic Sentiment), EU HICP - Core (F), HICP (F).

Daily Strategy: The dollar made a strong recovery against the euro due too back to a reality. It is early for optimism these days, as the recession is probably not reached the bottom. The Fed but closer the time when will rise the interest rates faster than the European Central Bank. For today there are a lot of key fundamental events in Europe and United States. All these news will move the forex market. It is expecting movements into both directions.