EUR/USD (1.2670)

European & US sessions forecast levels: 1.2515/1.2790

Trend Sessions: European: Neutral/Upward

US: Neutral/Downward

Market Focus: 10:00 AM Pending Home Sales.

Daily Strategy: The Euro may fall too fast after the reject of EU leaders bailout for Eastern Europe. Today the new day start with recovery of the dollar. We in FS Team forecast that the trading of euro-dollar will continue in the range of 1.25/1.28 and next week is possible break below 1.25 with target down below 1.23. For today is expecting mix trading into both directions. The key support is at 1.2513 as the chances for break below rises but still we do not expect to see levels below 1.2513.