EURUSD trading strategy for week February 22-26 by

After the top trading level of EURUSD at 1.1376 a week ago, the dollar recovery to the levels of 1.11. The new trading week starts with U.S. Consumer Confidence report on Tuesday at 15:00 GMT expecting report at 97.3 compare with 98.1 one month ago. The next key events are in Thursday U.S. Durable Orders at 13:30 GMT and Germany Unemployment rate at 8:55 GMT, CPI Index for Euro Zone at 10:00 GMT. In the last day for the week the investors will expect the most important GDP for Q4 at 13:30 GMT as the report is expecting at 0.4% from 0.7%. The technical analysis show that EURUSD may up to 1.1180/1.1210 and then turn down. The key resistance but is formed at 1.1390 as the support level is at 1.1055. trading strategy this week is to buy Euro in the first 1-2 days of the week and sell Euro at the end of the week.

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