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Focus over ECB events and FOMC Minutes this week

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  • Focus over ECB events and FOMC Minutes this week

    The Euro recovery against the dollar continues after strong gains in the prior week. Although that the Euro gains will continue expects in a short time to turn the tendency and to see new dollar gains.
    One of the most important event in the new business week is on Thursday at 11:30 GMT ECB Monetary Policy Meeting Accounts and ECB President Draghi's Speech later in the day.
    The rest key events from Euro Zone are on Monday at 9:00 GMT PPI, Unemployment Rate, also on Friday at 6:00 GMT Germany Exports/Imports data and Trade Balance.
    In United States focus your attention over Monday Factory Orders at 14:00 GMT, Trade Balance and ISM Services on Tuesday at 12:30 GMT and FOMC Minutes on Wednesday at 18:00 GMT.
    The technical analysis shows bullish for EURUSD. The key support is at 1.1144 while the next support is at 1.1305. EURUSD resistance you can find at 1.1495. trading strategy is to focus over the ECB meeting and Draghi's Speech and FOMC Minutes. Use the first support to open long positions too.