EUR/USD (1.3802)
European & US sessions forecast levels: 1.3510/1.4035
Trend Sessions: European: Neutral/Downward
US: Neutral/Downward
Market Focus: 8:30 AM Retail Sales, Retail Sales ex-auto, 9:55 AM Michigan Sentiment, 10:00 AM Business Inventories.
Daily Strategy: The Spain problems cause the euro weakness. The situation in Spain is getting worse. Having a mind that Spain is one of the largest economies in the euro zone that may affect seriously the single European currency. FS Team expect the euro to remain under pressure today while the dollar will became more attractive for the investors.