EUR/USD (1.3864)
European & US sessions forecast levels: 1.3500/1.3935
Trend Sessions: European: Neutral/Upward
US: Neutral/Upward
Market Focus: 9:00 AM Net-Long Term TIC Flows, 9:55 AM Michigan Sentiment.
Daily Strategy: The dollar slowly moves into negative territory after the injections of dollars in the world financial system. This step is dictated by the idea to weaken the pressure in the euro zone financial bank system. The European Central Bank will grant loans in dollars for the euro zone banks to sufficient liquidity until the end of the year. The effect on the forex market is a fact, as the dollar probably will continue loss against the euro. The FS Team strategy today is to open long positions.