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EURUSD changes the upward movement with downward correction

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  • EURUSD changes the upward movement with downward correction

    In the coming business week according to there are not important U.S. events except in the housing sector on Tuesday and Wednesday. In the Euro Zone the first important event is on Tuesday 9:00 GMT for Germany - ZEW Survey. On 6:00 GMT on Wednesday focus over Germany PPI.
    The most important events for the week are on Thursday at 11:45 GMT ECB Interest Rate Decision and ECB Monetary policy statement and press conference at 12:30 GMT.
    In the last day of the business week the key events are from Germany, Markit PMI Composite, Markit Services PMI, Markit Manufacturing PMI at 7:30 GMT and IFO data at 8:00 GMT.
    Last week EURUSD breaks below a key support at 1.1320 and cut the strong upward trend that continue since the beginning of March. The key support is at 1.1143 while the resistance is at 1.1460. trading strategy for the week is to open short positions using good tops for bigger profits. The investors will focus over ECB Interest rates politic and the pressconference on Thursday.
    EURUSD-17Apr2016.png - Forex, Stock, Energy and Metal signals to the world