EUR/USD (1.4243)

European & US sessions forecast levels: 1.4065/1.4360

Trend Sessions: European: Neutral/Upward

US: Neutral/Upward

Market Focus: 8:30 AM Initial Claims, 10:00 AM Existing Home Sales, 2:45 AM France INSEE Business Confidence, 4:00 AM EU Current account.

Daily Strategy: The dollar is again under pressure in spite the last comments of Ben Bernanke and many forecasts by leading banks for expecting dollar recovery. The euro/dollar trading may break the key resistance at 1.4276 today. China will call for stable dollar to protect Chinese assets in United States. Although that the dollar may continue losses as our forecast is to open long position opening on dip corrections.