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It is coming important week of fundamental events - Weekly trading strategy

Discussion in 'Forex Daily News & Outlook' started by World-Signals.com, Feb 29, 2016.

  1. World-Signals.com

    World-Signals.com New Member

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    The last weekly EURUSD forecast of World-Signals.com was to sell euro at the end of the business week. EURUSD break below a key level of 1.0955 and we can see strong dollar this week.
    In the last day of February the most important event is Euro Zone Consumer Price Index at 10:00 GMT. In Tuesday is expecting the key Unemployment rate for the largest economy of Euro Zone - Germany. It is not expecting changes at 6.2% like the prior month. In United States the most important event at the first half of the week is ISM Index on Tuesday at 15:00 GMT expecting better report also for U.S. Construction Spending at the same time.
    On Wednesday the focus is for ADP Employment Change 13:15, Fed's Beige Book at 19:00 and also PPI for Euro Zone at 10:00.
    On Thursday pay attention to ISM Services at 10:00 together with Factory Orders. But the events at the end of the week will dominant over all events. The investors will focus from Monday for the Friday key U.S. Nonfarm payrolls report that is expecting to support the dollar. The event together with U.S. Unemployment rate is expecting at 13:30 GMT.
    In the technical analysis the key support is formed at 1.0850. This target probably will happens till the mid of the week. The first resistance is at 1.0980.
    World-Signals.com trading strategy this week is to keep short position or to sell EURUSD with target 1.0850 and below.
     

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