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EURUSD may reach to levels of 1.1370 this week

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  • EURUSD may reach to levels of 1.1370 this week

    The euro profit against the dollar last week like the prediction from March 14th 2016. The Fed disappointment the investors and they prefer to sell dollars. The effect was very strong in a short time and may continue with a slow speed this week.
    This week the focus in the fundamental events are starting from Monday with Existing Home Sales in United States at 14:00 GMT. Germany IFO Business Climate and IFO Expectations on Tuesday at 8:00 GMT and also ZEW Survey Germany at 10:00 GMT schedule.
    In United States on Wednesday focus over the New Home Sales at 14:00 GMT also Thursday Durable Orders at 12:30 GMT and Economic Bulletin for Euro Zone at 9:00 GMT.
    Friday is a Good Friday and most of the markets are closed in Europe while in United States is GDP Third Estimate on at 12:30 GMT. These are the important events but focus is over Durable Orders in United States and Germany data on Tuesday.
    The technical analysis shows a key resistance at 1.1376 as EURUSD probably will reach to this level. If break above may follow levels of 1.1410 that will open the way for very serious movements upward but is necessary strong fundamental support. Otherwise sees a good moment to keep or open long positions with target 1.1330-1.1376 where is the moment to sell EURUSD with a target down to 1.10 at the end of the month.