EUR/USD (1.5621)

European & US sessions forecast levels: 1.5545/1.5685

Trend Sessions: European: Neutral

US: Neutral/Upward

Market Focus: 8:30 AM CPI, Core CPI, 10:00 AM Michigan Sentiment-Prel., 3:00 AM German CPI, 6:00 AM Labor Cost Index, EU CPI.

Daily Strategy: The traders there are not tired to set new records few times a day. The dollar continues to suffer day after day. Tuesday is close when the Fed will cut the interest rates. The economists predict the Fed to cut the interest rates with 75 bps or with 50 bps. For 50 bps it seems not appropriate having a mind the very bad situation in US credit market. For today we at FS Team will be using the same trading strategy: opening long positions in any movement deep.