EURUSD - trading strategy at the levels above 1.1320

FX:EURUSD   Euro / U.S. Dollar
The economic and interest rates politic as a major factor for the markets this week is expecting by 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 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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