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

• Eurozone Confidence Data: Eurozone Economic Confidence for March was reported at 107.9. Economists predicted a figure of 108.3. Forex traders can compare this to Eurozone Economic Confidence for February which was reported at 108.0. Eurozone Industrial Confidence for March was reported at 1.2. Economists predicted a figure of 1.4. Forex traders can compare this to Eurozone Industrial Confidence for February which was reported at 1.3. Eurozone Services Confidence for March was reported at 12.7. Economists predicted a figure of 14.0. Forex traders can compare this to Eurozone Services Confidence for February which was reported at 13.9. Final Eurozone Consumer Confidence for March was reported at -5.0. Economists predicted a figure of -5.0. Forex traders can compare this to the first Eurozone Consumer Confidence for March which was reported at -5.0. The Eurozone Business Climate Indicator for March was reported at 0.82. Economists predicted a figure of 0.87. Forex traders can compare this to Eurozone Business Climate Indicator for February which was reported at 0.82.
• Preliminary German CPI: The Preliminary German CPI for March is predicted to increase by 0.4% monthly and by 1.8% annualized. Forex traders can compare this to the German CPI for February which increased by 0.6% monthly and by 2.2% annualized.

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

• US GDP: The US GDP for the fourth-quarter is predicted to increase by 2.0% annualized. Forex traders can compare this to the previous fourth-quarter GDP which increased by 1.9% annualized. Personal Consumption is predicted to increase by 3.1% annualized. Forex traders can compare this to previous fourth-quarter Personal Consumption which increased by 3.0% annualized. The GDP Price Index is predicted to increase by 2.0% annualized. Forex traders can compare this to previous fourth-quarter GDP Price Index which increased by 2.0% annualized. The Core PCE is predicted to increase by 1.2% annualized. Forex traders can compare this to previous fourth-quarter Core PCE which increased by 1.2% annualized.
• US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of March 25th are predicted at 245K and US Continuing Claims for the week of March 18th are predicted at 2,033K. Forex traders can compare this to US Initial Jobless Claims for the week of March 18th which were reported at 261K and US Continuing Claims for the week of March 11th which were reported at 1,990K.

Should price action for the EURUSD remain inside the or breakout above the 1.0725 to 1.0775 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.0750
• Take Profit Zone: 1.1100 – 1.1150
• Stop Loss Level: 1.0500

Should price action for the EURUSD breakdown below 1.0725 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.0675
• Take Profit Zone: 1.0350 – 1.0500
• Stop Loss Level: 1.0775

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