EUR/USD (1.3318)
European & US sessions forecast levels: 1.3245/1.3790
Trend Sessions: European: Downward
US: Neutral/Downward
Market Focus: 10:00 AM ISM Index, Constructor Spending, 3:00 PM Auto Sales, Truck Sales.
Daily Strategy: The European finance ministers meeting today to discuss about the budget cuts to secure the international bailout. The meeting today is in Luxemburg and will approve loan to Greece in size of EUR 110 billions in ten installments by EUR 11 billions. The pressure against the euro continues as many investors expect strong dollar this week. The trading strategy by FS Team is to hold short positions.