EUR/USD (1.5535)

European & US sessions forecast levels: 1.5365/1.5630

Trend Sessions: European: Neutral

US: Neutral

Market Focus: 8:30 AM PPI, Core PPI, 2:00 AM German PPI, 5:00 AM ZEW Economic Sentiment, German ZEW Economic Sentiment.

Daily Strategy: The dollar is into technical trading together with speculations about the bottom of US economy and inflation. The high oil prices also send negative signals for the dollar recovery. The forecast remain for trading into both directions and without clear direction. We are recommended to trade within the trading range. Use the key support/resistance levels to open new positions. It is very important today the Germany ZEW Economic Sentiment.