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

• Eurozone M3 Money Supply: Eurozone M3 Money Supply for March is predicted to increase by 4.2% annualized. Forex traders can compare this to Eurozone M3 Money Supply for February which increased by 4.3% annualized.
• Eurozone Confidence Data: Eurozone Economic Confidence for April is predicted at 105.0. Forex traders can compare this to Eurozone Economic Confidence for March which was reported at 105.5. Eurozone Industrial Confidence for April is predicted at -2.0. Forex traders can compare this to Eurozone Industrial Confidence for March which was reported at -1.7. Eurozone Services Confidence for April is predicted at 11.5. Forex traders can compare this to Eurozone Services Confidence for March which was reported at 11.3. Final Eurozone Consumer Confidence for April is predicted at -7.9. Forex traders can compare this to the previous Eurozone Consumer Confidence for April which was reported at -7.9. The Eurozone Business Climate Indicator for April is predicted at 0.49. Forex traders can compare this to Eurozone Business Climate Indicator for March which was reported at 0.53.

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

• US Personal Income and Personal Spending: US Personal Income for March is predicted to increase by 0.% monthly and Personal Spending is predicted to increase by 0.7% monthly. Forex traders can compare this to Personal Income for February which increased by 0.2% monthly and to Personal Spending which increased by 0.1% monthly. Real Personal Spending for March is predicted to increase by 0.3% monthly. Forex traders can compare this to Real Personal Spending for February which increased by 0.1% monthly. The PCE Deflator for March is predicted to increase by 0.3% monthly and by 1.6% annualized. Forex traders can compare this to the PCE Deflator for February which decreased by 0.1% monthly and which increased by 1.4% annualized. The PCE Core Deflator for March is predicted to increase by 0.1% monthly and by 1.7% annualized. Forex traders can compare this to the PCE Core Deflator for February which increased by 0.1% monthly and by 1.8% annualized.
• US Dallas Fed Manufacturing Index: The US Dallas Fed Manufacturing Index for April is predicted at 10.0. Forex traders can compare this to the US Dallas Fed Manufacturing Index for March which was reported at 8.3.

Should price action for the EURUSD remain inside the or breakout above the 1.1140 to 1.1175 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.1160
• Take Profit Zone: 1.1290 – 1.1320
• Stop Loss Level: 1.1110

Should price action for the EURUSD breakdown below 1.1140 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.1120
• Take Profit Zone: 1.0915 – 1.1020
• Stop Loss Level: 1.1160

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.