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EURUSD - trading strategy at the levels above 1.1320

Discussion in 'Fundamental Analysis' started by World-Signals, Apr 10, 2016.

  1. World-Signals

    World-Signals Member Trader

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    The economic and interest rates politic as a major factor for the markets this week is expecting by World-Signals.com. There are couples of events that will send signals for the situation in USA and Euro Zone. The first key event for the week is on Tuesday Germany CPI at 6:00 GMT. On Wednesday is the very important Fed's Beige Book at 18:00 GMT also at the same day at 12:30 GMT expects PPI, Core PPI and Retail Sales.
    On Thursday focus in the morning Euro Zone CPI at 9:00 GMT and U.S. CPI and Core CPI at 12:30 GMT.
    In the last business day of the week pay attention over China's GDP for first quarter at 2:00 GMT. China's report is a signal for the total economic growth. Later expects Euro Zone Trade Balance at 9:00 GMT and Industrial Production for United States at 13:15 GMT.
    The technical analysis shows two important support levels at 1.1320 and 1.1345. If EURUSD breaks below 1.1320 World-Signals.com predict the end of the uptrend. Otherwise use the levels between 1.1320 and 1.1345 to open long positions with target 1.1495.
    The major resistance levels are 1.1453 and 1.1495.
     

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