EURUSD trading strategy and major weekly fundamental events by

Last week the dollar gains against the Euro with more than 110 pips. The last hours of last business week showed that the dollar will back to the winning track. The major focus this week is Fed Interest Rate Decision on Wednesday 19:00 GMT and Fed's Monetary Policy Statement and press conference at 19:30 GMT. This is the first meeting of FOMC this year and they will keep the interest rates unchanged at 0.50% but will continue to focus over the mix economic data. The economic focus in United States continues with Thursday key Durable Orders at 13:30 GMT with expecting negative data from December. In the last day of the week is expecting very important data for Europe and United States. In Europe is expecting CPI data at 10:00 GMT and GDP in USA at 13:30 GMT. The technical analysis shows downward directing for EURUSD. The first EURUSD resistance is formed at 1.0840 as the support level is at 1.0710. The trading strategy which will follow is to sell close to the first resistance level at 1.0840 with target to 1.07 and below.

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