EUR/USD (1.3103)

European & US sessions forecast levels: 1.2970/1.3225

Trend Sessions: European: Neutral

US: Neutral/Downward

Market Focus: 8:30 AM Durable Orders, Initial Claims, 10:00 AM New Home Sales,

Daily Strategy: The dollar started with the recovery after the FOMC meeting. The support for the dollar and US banking system is sure. The recovery of the dollar will continue in the coming days. The dollar has to break below 1.3080 to continue with the recovery, as the break below will follow levels of 1.3030. After that is possible break below 1.30. The key economic events for USA are on focus today as is possible new bad reports. After the serial of announcements for new jobs cut the situation in the world biggest economy probably will show new negative reports.