Last week on 3rd of May EURUSD reach to the top level of 1.1616 and found strong resistance. In the last few days of the week the dollar recovered to the level of 1.14. expects to see new recovery of the dollar in the week. In United States the investor focus is over the expecting PPI and Retail Sales on Friday at 13:30 GMT.
In Europe the first key event for the week is on Tuesday Germany Trade Balance, Imports, Exports and Current Account at 6:00 GMT. On Thursday the focus is over EU Industrial Production at 9:00 GMT while for Friday the most important events are Germany GDP and CPI at 6:00 GMT and EuroZone GDP at 9:00 GMT.
The dollar will continue to recovery as the key support level is at 1.1330. recommends using this level to sell Euro for levels down to 1.12 or to use 1.1330 to open long positions if not break below.