European & US sessions forecast levels: 1.3970/1.4495
Trend Sessions: European: Neutral/Upward
Market Focus: 10:00 AM Existing Home Sales.
Daily Strategy: After the strong dollar gains against the euro caused by the Greece debt bailout follow a correction upward. There are not signs for fast recovery of the Greece problems that may cause problems to whole Europe and the Euro. The eyes across the Atlantic are focus over the FOMC Interest rates decision on Tuesday. It is expecting to Fed Chairmen Ben Bernanke to amid weakness in U.S. economy. The today's FS Team strategy is to open long positions.