European & US sessions forecast levels: 1.3500/1.3935
Trend Sessions: European: Neutral/Downward
Market Focus: 8:30 AM Housing Starts, Building Permits, 2:15 PM FOMC Rate Decision.
Daily Strategy: The pressure against the euro rises as the investors prepare for Greece bankruptcy. The chances for Greece survive down every day. FS Team expects new action by the ECB, IMF and EU about new loan for Greece or pushing the southeast country into bankruptcy. After the Germany elections and the fail of the Angela Merkel party the prospects for a common European policy to tackle the debt crisis has shaken more. The Fed meeting is expecting today to leave the interest rates at 0.25% but to send more stimuls for the economy.