Impressive rallies for breakfast, this European morning, after EUR/USD took the 1.3700 level. Mrket explode, risk game is on and US stocks opened strongly up, approaching September monthly highs, not a minor data.. Keep an eye on US indexes as if they break higher, dollar will keep sliding.

Whether if this optimism, triggered by hopes the EU announcement will show firmer action on the debt crisis developments is enough to save Greece from default and strenghten banks, is something I still doubt. BUT, be sure, I won't be fighting the dominant trend.

 

Here is the short term outlook for majors, for current American session:

 

http://www.fxstreet.com/technical/analysis-reports/currency-majors-...

 

Have a great trading day!

 

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Tags: EURUSD, Forex, GBPUSD, USDCHF, USDJPY

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