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Focus over ECB events and FOMC Minutes this week

Discussion in 'Forex Discussions' started by World-Signals.com, Apr 3, 2016.

  1. World-Signals.com

    World-Signals.com New Member

    Feb 27, 2016
    Likes Received:
    The Euro recovery against the dollar continues after strong gains in the prior week. Although that the Euro gains will continue World-Signals.com 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.
    World-Signals.com 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.

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