EUR/USD (1.2726)

European & US sessions forecast levels: 1.2515/1.2990

Trend Sessions: European: Neutral/Downward

US: Neutral/Upward

Market Focus: 10:00 AM Consumer Confidence, 4:00 AM IFO Business Climate, IFO Current Conditions, IFO Expectations, EU Current Account.

Daily Strategy: The dollar again is mix on the market. Everyday the trading is with new direction. EUR/USD trading will remain within the wide trading range of 1.2513 and 1.2991. If within two days the trading does not break one of these levels it is expecting consolidation of EUR/USD. There are a lot of keys reports for Europe and United States today. The US Consumer Confidence is expecting to fall to new record low level. The trading strategy is to trade within the trading range today.