European & US sessions forecast levels: 1.3420/1.3860
Trend Sessions: European: Neutral/Downward
Market Focus: 10:00 AM Existing Home Sales.
Daily Strategy: The euro remains stable in spite the expecting recession in the euro zone and the debt fears. The euro/dollar trading found a good support line at 1.3420 as the break below will mean attack of the levels below 1.3310. The chances for successive break below 1.3420 are low right now. FS Team recommends using that level for long positions.