EUR/USD (1.4241)

European & US sessions forecast levels: 1.4065/1.4310

Trend Sessions: European: Neutral/Upward

US: Neutral/Upward

Market Focus: 10:00 AM Construction Spending, ISM Services, 2:00 PM Auto Sales, Truck Sales, 2:00 AM Germany Retail Sales, 2:45 AM Manuf. PMI.

Daily Strategy: The dollar is close to the key resistance level at 1.4310. The break above this level will open the way for further dollar loses. The traders back to risky trades as the appetite rises. It is very important business week with a lot of key fundamental events. These events will show the situation of the world largest economy and whether is on the way to out of the recession or is too early. The trading strategy today is to buy on dips movements.