EUR/USD (1.3603)
European & US sessions forecast levels: 1.3255/1.3785
Trend Sessions: European: Neutral/Upward
US: Neutral/Upward
Market Focus:
Daily Strategy: The pressure over the dollar rises. The dollar weakness continues with full power. The dollar losses against the euro for second consecutive week for 2011 and may set another losing week. Currently the dollar is at 2-months low against the euro. The fears for the situation with the U.S. economy, the huge U.S. debt and the China actions against the dollar are one of the key factors for the weak dollar. FS Team trading strategy today is to open again long positions, as buy on dips.