EUR/USD (1.5293)

European & US sessions forecast levels: 1.5235/1.5380

Trend Sessions: European – Upward

US – Neutral/Upward

Market Focus: 8:30 AM Initial Claims, 10:00 AM Pending Home Sales, 2:45 AM French Government Budget Balance, 6:00 AM German Factory Orders, 7:45 AM Interest Rate Announcement, 8:30 AM ECB President Trichet Speaks.

Daily Strategy: The dollar again set new record low against the euro. The panic in massive sell of dollars continues. The words that Europe wants strong dollar are false. The key events today are ECB interest rates and latter Trichet Speaks who would not support the dollar. It is expecting new records of EUR/USD today.