In Europe the first key events start at 8:30 GMT EU Markit Manufacturing PMI, Markit Services PMI and Markit PMI Composite. On Tuesday at 6:00 GMT is Germany GDP, at 9:00 GMT Germany ZEW Survey and Eurogroup meeting in the day. The next key events that we recommend to focus are on Wednesday at 8:00 GMT Germany IFO reports.
The key for EURUSD is at 1.1143 as World-Signals.com expects to see test of the . The chances for break below are about 50%. The trading strategy this week is to trade within the range of 1.1150 and 1.1280. Also you can keep your short positions and may expect breaks below 1.1143.
The investors continue to turn to the dollar as is widely expecting Fed to hike the interest rates in June 2016.