EUR/USD (1.4283)

European & US sessions forecast levels: 1.4165/1.4450

Trend Sessions: European: Neutral/Upward

US: Neutral/Upward

Market Focus: 8:15 AM ADP Employment Change, 10:00 AM Factory Orders, ISM Services, 5:00 AM EU GDP 1st Est, PPI.

Daily Strategy: The worst of the global recession is over. This is the main reason for massive back to risky trades. The dollar is the biggest loser by the end of the recession. The dollar loses will continue these days as the risky appetite rise. The trading strategy is to continue selling dollars, as the break of 1.4250 was successful. The rise of oil prices also supports the euro and weak dollar. The key US reports today may support the traders to sell dollars again.