European & US sessions forecast levels: 1.4525/1.4845
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Personal Income, Personal Spending, Initial Claims, Continuing Claims, 10:00 AM Construction Spending, ISM Index, Pending Home Sales, 2:00 PM Auto Sales, Truck Sales, 3:00 AM Germany Retail Sales, 5:00 AM EU Unemployment.
Daily Strategy: There are many key events today especially for U.S. economy. The events can change the current process of consolidation at the levels of 1.45 and 1.48. The key support remains at 1.4525 as the chances for break below this level down. The dollar statute as world currency may change soon that is also pressure to the traders to buy euros against the dollar.