European & US sessions forecast levels: 1.3970/1.4495
Trend Sessions: European: Neutral/Downward
Market Focus: 8:30 AM Personal Income, Personal Spending, PCE Prices - Core.
Daily Strategy: The dollar is in a winning position for couple of days and the biggest gain since January 2011. The strong dollar is based on fears about the Greece debt crisis and the votes in Greece austerity measures. The key Greece vote for increase taxes and spending cut is heading for Wednesday and Thursday. At the same time the investors expect slow down of U.S. economy based on few key economic indicators. The today's strategy offered by FS Team is to trade in narrow trading range with expecting movements into both directions.