EUR/USD (1.3200)

European & US sessions forecast levels: 1.3030/1.3340

Trend Sessions: European: Neutral

US: Neutral/Downward

Market Focus: 8:15 AM ADP Employment, 10:00 AM Construction Spending, ISM Index, Pending Home Sales, 2:00 PM Auto Sales, Truck Sales,

Daily Strategy: The trading in the coming days will be focus over the expectation for G20 meeting and key US NFP report. The other focus of the investors is the expecting bankrupt of the biggest US carmakers General Motors and Chrysler. It is come the end when the Fed spend billions of billions dollars to keep the companies. These billions not help and finally Obama see that. On the market today the key resistance is formed at 1.3340, as the chances for break above are minimal.