PPI at 8.30 am New York Time

U.S. Numbers out today (Expected)

Trade Balance -60.0B
PPI +.7%
Ex Food and Energy .2%
U. of Michigan Confidence 87.5

Let's see what happens here as Inflation is clearly the concern of the Fed. The dollar continues to weaken against the Euro and I think no matter what happens you need to be long for a medium term view. 1.4000 is not out of the question at all, and I think the market will "Gun" for it in the coming months.

Good Luck and Good Forex Trading.