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

• German CPI: The Final German CPI for February increased by 0.6% monthly and by 2.2% annualized. Economists predicted an increase of 0.6% monthly and of 2.2% annualized. Forex traders can compare this to the previous German CPI for February which increased by 0.6% monthly and by 2.2% annualized.
• Eurozone Industrial Production: Eurozone Industrial Production for January increased by 0.9% monthly and by 0.6% annualized. Economists predicted an increase of 1.4% monthly and of 0.9% annualized. Forex traders can compare this to Eurozone Industrial Production for December which decreased by 1.2% monthly and which increased by 2.5% annualized.
• German ZEW Survey and Eurozone ZEW Survey: The German ZEW Survey Current Situation for March was reported at 77.3 and the German ZEW Survey Economic Sentiment was reported at 12.8. Economists predicted a figure of 77.8 and of 13.0. Forex traders can compare this to the German ZEW Survey Current Situation for February which was reported at 76.4 and to the German ZEW Survey Economic Sentiment which was reported at 10.4. The Eurozone ZEW Survey Economic Sentiment for March was reported at 16.2. Forex traders can compare this to the Eurozone ZEW Survey Economic Sentiment for February which was reported at 17.1.

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

• US NFIB Small Business Optimism Index: The US NFIB Small Business Optimism Index for February was reported at 105.3. Economists predicted a figure of 106.0. Forex traders can compare this to the NFIB Small Business Optimism Index for January which was reported at 105.9.
• US PPI: The US PPI for February increased by 0.3% monthly and by 2.2% annualized. Economists predicted an increase of 0.1% monthly and of 1.9% annualized. Forex traders can compare this to the US PPI for January which increased by 0.6% monthly and by 1.6% annualized. The US Core PPI for February increased by 0.3% monthly and by 1.5% annualized. Economists predicted an increase of 0.2% monthly and of 1.5% annualized. Forex traders can compare this to the US Core PPI for January which increased by 0.4% monthly and by 1.2% annualized. The US Core PPI excluding Trade for February increased by 0.3% monthly and by 1.8% annualized. Forex traders can compare this to the US Core PPI excluding Trade for January which increased by 0.2% monthly and by 1.6% annualized.

Should price action for the EURUSD remain inside the or breakout above the 1.0600 to 1.0650 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.0625
• Take Profit Zone: 1.0850 – 1.0900
• Stop Loss Level: 1.0500

Should price action for the EURUSD breakdown below 1.0600 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.0575
• Take Profit Zone: 1.0350 – 1.0500
• Stop Loss Level: 1.0650

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