EUR/USD (1.5546)

European & US sessions forecast levels: 1.5480/1.5615

Trend Sessions: European: Neutral/Upward

US: Neutral/Upward

Market Focus: 10:00 AM Consumer Confidence.

Daily Strategy: The speculations about the release of today’s US Consumer Confidence push the dollar into new losing trend. The winning dollar trend is over and we come in period of new dollar losing with target above the levels of the recent record of 1.59. It is expecting temporary recovery of the dollar today but as overall the dollar will continue to lose against the euro. The trading strategy today is opening long positions, as buy on dips.