EUR/USD (1.4752)

European & US sessions forecast levels: 1.4680/1.4825

Trend Sessions: European – Neutral/Upward

US – Neutral

Market Focus: 2:00 AM German Import Price Index, German Consumer Confidence, 4:00 AM Italian Retail Sales.

Daily Strategy: When the dollar start to lose nothing could stop it. The speculations and the trader’s interest by the big wins move the dollar strong again close to the record low level against the euro. The traders continue to speculate that Fed must cut the key US benchmark interest rates again on Wednesday with 50 bps. May be after that will follow new cut of the interest rates to be able to expect the world biggest economy to avoid the recession. All these problems comes by the vary bad politic of Bernanke and the not adequate measures of Bush administration. For today after minimal correction downward the dollar will up again into upward direction close or above 1.48 level.