Weekly trading strategy for Feb 8-12 by World-Signals.com

After Wednesday Fed's comments for slow down of U.S. economy the chance for new interest rates rise move forward in the time. The new interest rates correction may happen in 2017. In spite the positive U.S. Unemployment rate to 4.9% the Non-farm payrolls report were worse than expecting. The investors sell dollars and probably will continue this week. The key economic events this week are schedule for Friday at 9:00 GMT GDP for the Euro Zone probably the report will show slow down of E.U. economy. In United States the key event is Retail Sales at 13:30 GMT on Friday and Fed's Yellen testifies on Wednesday but with not fix time for now. The technical analysis show very strong resistance at 1.1240 as the break above will follow levels up 1.1290. Otherwise is good to use 1.1240 as stop losses for short positions. Currently the support is formed at 1.1100. World-Signals.com trading strategy is to trade at the first part of the week within the trading range and to expect break above one of the levels.

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