European & US sessions forecast levels: 1.2875/1.3440
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Export Prices ex-ag, Import Prices ex-oil, 2:00 PM Treasury Budget, Fed's Beige Book.
Daily Strategy: The euro recovery part of the losses during 2011 and may continue it's recovery. It is clear technical correction but is also supported by a fundamental factors and speculations. The crisis in the euro zone eases that push the investors to buy euro again. For today is expecting continue of the euro recovery. FS Team recommends opening long positions today.