EUR/USD (1.3208)

European & US sessions forecast levels: 1.3075/1.3330

Trend Sessions: European: Neutral/Upward

US: Neutral

Market Focus: 9:00 AM Consumer Confidence.

Daily Strategy: The dollar was sell everywhere yesterday and will continue today due too speculations for deeper of US recession. The latest new show that the existing home sales rise. The lower of home prices push the people to buy cheap houses. For today the key economic event is US Consumer Confidence. It is expecting to see unchanged situation since the prior month. The dollar may continue lose against the euro. The resistance may form at the levels of 1.3430 where to follow new dollars buys.