European & US sessions forecast levels: 1.4235/1.4695
Trend Sessions: European: Neutral/Upward
Market Focus: 9:55 AM Michigan Sentiment Final, 10:00 AM ISM Index, Construction Spending, 3:00 PM Auto Sales, Truck Sales.
Daily Strategy: The dollar loses against the euro will continue. The major reasons for the dollar weakness are two. The first is the optimism about the Greece debt after the Greece parliament vote. The second major reason that will push the euro/dollar trading at the levels above 1.47 is the expecting European Central Bank interest rates decision. It is expecting ECB to raise the interest rates with 25 basic points to 1.25%. The FS Team trading strategy today is to buy on dip corrections with target for next week.