8:00 EUR German Industrial Production
8:00 EUR German Trade Balance
14:30 USD Average Hourly wages
14:30 USD Change in employment in non-agricultural sectors
14:30 USD Private sector employment excluding agriculture
14:30 USD Unemployment rate
Forecast for Friday:
Tomorrow the most important figure of the day namely US data on unemployment and employment in the private sector. Therefore, determining the strategy for tomorrow, please note that you should not rely entirely on , as the right move tomorrow we will know after the US data. At the moment, we know that the supply defeated the important of 1.1289, which should further declines. Important resistance is at 1.1393 level.
Tomorrow may be considered two options:
If we get good data from the US at the strong appreciation of the dollar and no problem will be broken today's bottom. In this case, you should reckon with the strength of the dollar in the medium term and the last increases as a completed correction. Better US data will reinforce expectations for interest rate hikes in late autumn and confirm that the weak data recently were transient. The supply should push EUR / USD towards 1.1225 then 1.1170 and 1.1140.
In the second variant weaker data from the US will strengthen the euro and would rather postpone interest rate increases mentioned by the FED. This means that demand should once again take the initiative by attacking the resistance at 1.1289 and leading to increases in the vicinity of today's summit. In the medium term the euro should gain
I encourage you to comment and good luck!