EUR/USD (1.4039)
European & US sessions forecast levels: 1.3970/1.4590
Trend Sessions: European: Downward
US: Neutral
Market Focus: 8:30 AM Durable Orders, Durable Orders ex-transportation.
Daily Strategy: The fears with the debt crisis in Europe especially Greece is the one of the major factor for the rising dollar. The ways to safe Greece are small. Except Greece is talking about Italy the next country in the Euro Zone with debt problem. It was warn that the credit rating of Italy will cut down. All these fears for the Europe cause the investors to back to the safe dollar. The FS Team trading strategy today is to open short positions.