EUR/USD (1.3554)

European & US sessions forecast levels: 1.3365/1.3645

Trend Sessions: European: Neutral/Downward

US: Neutral/Upward

Market Focus: 5:00 AM EU PPI, Retail Trade, 5:30 AM Sentix Indicator.

Daily Strategy: The dollar is weak as the traders again turn to risky assets. The first signals for optimism allow to most of the traders to take risk when the US and world economy is still in recession. The trading today is expecting mix with movements into both directions. The trading idea today is to trade within the trading range. We will target in fast entry exits of 30-40 pips today. Any new signal for easing of the global financial crisis will push the investors to risk on the market.