EUR/USD (1.2306)European & US sessions forecast levels: 1.2240/1.2465Trend Sessions: European: Neutral/UpwardUS: Neutral/DownwardMarket Focus: 10:00 AM Existing Home Sales, 4:00 AM EU Current account. Daily Strategy: All eyes are focus over China politic about the yuan. The key question is when and how much the official authorities will allow the yuan to rise. The action of People's Bank of China will move the forex markets today and these days. The euro/dollar key resistance is at 1.2465 as the chances for break above this level are much lower. It is possible further dollar recovery today.
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