Here are the key factors to keep in mind today for Euro trades:

• German ZEW Survey and Eurozone ZEW Survey: The German ZEW Survey Current Situation Index for September is predicted at 72.0 and the German ZEW Survey Economic Expectations Index at -14.0. Forex traders can compare this to the German ZEW Survey Current Situation Index for August which was reported at 72.6 and to the German ZEW Survey Economic Expectations Index which was reported at -13.7. The Eurozone ZEW Survey Economic Sentiment Index for September is predicted at -10.9. Forex traders can compare this to the Eurozone ZEW Survey Economic Sentiment Index for August which was reported at -11.1.
• Eurozone Employment Change: The Eurozone Employment Change for the second-quarter is predicted to increase by 0.4% quarterly. Forex traders can compare this to the Eurozone Employment Change for the first-quarter which increased by 0.4% quarterly.

Here are the key factors to keep in mind today for British Pound trades:

• UK Jobless Claims Change and Claimant Count Rate: The UK Jobless Claims Change for August is predicted at 10.0K and the Claimant Count Rate is predicted at 2.5%. Forex traders can compare this to the UK Jobless Claims Change for July which was reported at 6.2K and to the Claimant Count Rate which was reported at 2.5%.
• UK Employment Change, ILO Unemployment Rate and Average Weekly Earnings: The UK Employment Change for the tri-monthly period ending in July is predicted at 9K and the ILO Unemployment Rate is predicted at 4.0%. Forex traders can compare this to the UK Employment Change for June which was reported at 42K and to the ILO Unemployment Rate which was reported at 4.0%. Average Weekly Earnings for the tri-monthly period ending in July are predicted to increase by 2.5% annualized and Average Weekly Earnings Excluding Bonuses are predicted to increase by 2.8% annualized. Forex traders can compare this to Average Weekly Earnings for June which increased by 2.4% and Average Weekly Earnings Excluding Bonuses which increased by 2.7%.

Should price action for the EURGBP remain inside the or breakdown below the 0.8890 to 0.8915 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 0.8910
• Take Profit Zone: 0.8700 – 0.8725
• Stop Loss Level: 0.9000

Should price action for the EURGBP breakout above 0.8915 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.8940
• Take Profit Zone: 0.9050 – 0.9100
• Stop Loss Level: 0.8910

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