Existing home sales is due out shortly, an important number for all the markets and particularly the baking sector. Until home prices/foreclosures stabilize, US banks will remain in rough shape and the market wary of the dollar. A rebound in sales is expected this month but the market needs to see several months of stronger sales to lift the pervasive gloomy mood toward housing. Look for stops above 1.4800/10 to be triggered if sales disappoint to the downside.