8:00 EUR Order factories in Germany
14:30 USD ascendant declared unemployed
Forecast for Thursday:
The currency pair reached important resistance, which should temporarily stop the increases. Whereas pure , after such a strong rally should of course be a correction, which should part of the inheritance. Tomorrow, we do not have too much data, so there is a chance for a variant of correction and re-attack. The supply should result in the currency pair around 1.1289 level, which currently provides strong support then we should see another attack on today's maximum of 1.1371. In the case of his defeat within the should be at 1,1430-48. If demand can not cope with new peaks, supply and will take the initiative to take profits from long positions. Supply overcome support at 1.1289 and then should reach the support at 1,1225-50.
Note: Please note that on Friday we will know the data on unemployment in the US. Quite likely that the market will try to set up the information that will be announced on Friday.
Keep in mind that if Friday's data will prove to be much better than the forecast, then EUR / USD will develop a very strong wave down and the dollar will strengthen in the medium term.
In the case of weaker data they have given themselves a chance for a rate hike. This should lead to further increases in the vicinity of 1.16-1.18.