EUR/USD (1.5466)

European & US sessions forecast levels: 1.5365/1.5550

Trend Sessions: European: Neutral/Downward

US: Neutral/Upward

Market Focus: 1:45 AM French CPI, 2:00 PM Fed’s Beige Book, 2:00 PM Treasury Budget.

Daily Strategy: US officials are concern about the weak dollar. Bush calls for stronger dollar at the end of two mandates when the dollar crash to historical lows. The support for the dollar was based on words support. The recovery of the dollar is not based on real facts. In near term we predict new chances for test the levels above 1.60. The trading is close to key support level at 1.5365. The chances for break below are minimal. We recommend using this level to open long position.