World-Signals
Short

Trading strategy for EURUSD in Nonfarm payrolls week

FX:EURUSD   Euro / U.S. Dollar
It is expecting an important business week that will give new signals to the Fed and investors for the Fed interest rates politic. The most important event is in Friday at 13:30 GMT             when is the report for U.S. Unemployment.
For the moment it is expecting between two and four interest rates hikes this year. The event in Friday will send new signals that will move EURUSD             strong.
The first important event that World-Signals.com recommends to focus this week is in Tuesday at 15:00 GMT             U.S. Consumer Confidence. On Wednesday there are important events from Germany CPI             at 12:00 GMT             ; Thursday Germany Unemployment Rate at 7:55 GMT             is expecting at 6.2% the same as prior month, Euro             Zone CPI             at 9:00 GMT             and ECB Monetary Policy Meeting at 11:30 GMT             .
The major focuses that will move the market whole week are U.S. Nonfarm Payrolls, Nonfarm Private Payrolls and Unemployment Rate at 13:30 GMT             . The low Unemployment rate and the large number of new opening work places will push the investors to buy dollars.
In the technical analysis the first support is formed at 1.1145 followed at 1.1085. The key resistance is at 1.1342. The technical analysis shows bullish while the fundamental analysis is bearish .
World-Signals.com recommends this week to sell euro             for dollars. You can sell at the levels of 1.1230 with target below 1.1085.
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