European & US sessions forecast levels: 1.3415/1.3735
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Personal Income, Personal Spending, 9:55 AM Michigan Sentiment-Rev.
Daily Strategy: The trading remains mix within the trading range of 1.34 and 1.37. The movements will continue with the consolidation in these levels. The investors expect new plan of Obama to save the carmakers. The top question these days is whether the bottom of recession is reached or not. This question will dominant in the coming couple of months. The trading strategy today is trade within the trading range. The forecast is for movement up to 1.3670/90 and then reverse down below 1.3550.