EUR/USD (1.5711)

European & US sessions forecast levels: 1.5670/1.5810

Trend Sessions: European: Neutral

US: Neutral/Upward

Market Focus: 8:30 AM Retail Sales, Core Retail Sales, 10:00 AM Business Inventories, 5:00 AM EU Industrial Production, 5:30 PM ECB President Trichet Speaks.

Daily Strategy: The dollar temporary recovery against the euro after the G7 meeting during the weekend in Washington. The G7 will closely monitor the forex market and the falling dollar. The dollar starts the new business week with gain against the euro but hold later. The euro wills slowly recovery today is FS Team forecast for today. The trading strategy for today is opening long positions, as buy on dip movement.