EUR/USD (1.3664)

European & US sessions forecast levels: 1.3535/1.3795

Trend Sessions: European: Neutral/Upward

US: Neutral/Downward

Market Focus: 8:30 AM Average Workweek, Hourly Earnings, Non-Farm Payroll, Unemployment Rate, 10:00 AM Wholesale Inventories, 2:00 AM Germany Retail Sales, 5:00 AM EU Retail Sales, 6:00 AM Germany Industrial Production.

Daily Strategy: The dollar is under euro attacks due too the expecting poor results for the jobs market today. It is expecting new rise of US Unemployment Rate and new cut of jobs of about 510K. At the same time is widely expecting the European Central Bank to cut the interest rates on January 15th. After the release of the key jobs report today is expecting recovery of the dollar based on the expectation for ECB interest rates cut. The trading strategy is opening short positions after 8:30 AM but if the report is worse than the forecasting is possible new losses of the dollar.