This week focus over the coming events: On Monday New Home Sales at 14:00 GMT , on Tuesday Durable Orders at 13:30 and Consumer Confidence at 15:00 GMT . These reports may support the dollar with positive data for United States.
The most important event is on Wednesday FOMC Rate Decision at 18:00 GMT as is expecting to leave the interest rates unchanged at 0.50% but the time for new interest rates hike is short. The next most important event is GDP-Adv. on Thursday at 13:30 GMT .
In Europe the first important event is on Monday Germany IFO reports at 8:00 GMT and Gfk Consumer Confidence Survey on Wednesday at 6:00 GMT .
The most important events are on Thursday at 7:55 GMT Germany Unemployment Rate and Euro Zone Consumer Confidence, Services Sentiment, Industrial Confidence, Business Climate, Economic Sentiment Indicator at 9:00 GMT . Also focus over Thursday Germany CPI at 12:00 GMT and Friday Euro Zone Unemployment Rate and CPI at 9:00 GMT .
The shows the first support at 1.1143 and resistance at 1.1280. World-Signals.com trading strategy is to keep short positions with target 1.1143 and next target at 1.1070.