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

• Eurozone Employment: Final Eurozone Employment for the fourth-quarter increased by 0.3% quarterly and by 1.2% annualized. Forex traders can compare this to previous Eurozone Employment for the fourth-quarter which increased by 0.3% quarterly and by 1.2% annualized.
• Eurozone GDP: Eurozone Final GDP for the fourth-quarter is predicted to increase by 0.2% quarterly and by 1.2% annualized. Forex traders can compare this to the previous Eurozone GDP for the fourth-quarter which increased by 0.2% quarterly and by 1.2% annualized. Eurozone Household Consumption for the fourth-quarter is predicted to increase by 0.2% quarterly, Eurozone Government Expenditure is predicted to increase by 0.4% quarterly and Eurozone Gross Fixed Capital is predicted to increase by 0.3% quarterly. Forex traders can compare this to Eurozone Household Consumption for the third-quarter which increased by 0.1% quarterly, to Eurozone Government Expenditure which increased by 0.2% quarterly and to Eurozone Gross Fixed Capital which increased by 0.2% quarterly.
• ECB Rate Decision: The ECB is predicted to keep its Interest Rate at 0.00%, its Deposit Facility Rate at -0.40% and its Marginal Lending Facility Rate at 0.25%; this would equal no change in the ECB rate policy from the previous meeting.

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

• US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of March 2nd are predicted at 225K and US Continuing Claims for the week of February 23rd are predicted at 1,762K. Forex traders can compare this to US Initial Jobless Claims for the week of February 23rd which were reported at 225K and to US Continuing Claims for the week of February 16th which were reported at 1,805K.
• US Non-Farm Productivity and Unit Labor Costs: Final US Non-Farm Productivity for the fourth-quarter is predicted to increase by 1.6% quarterly and Unit Labor Costs are predicted to increase by 1.7% quarterly. Forex traders can compare this to previous US Non-Farm Productivity for the fourth-quarter which increased by 2.3% quarterly and to Unit Labor Costs which increased by 0.9% quarterly.
• US Consumer Credit: US Consumer Credit for January is predicted at $17.000B. Forex traders can compare this to US Consumer Credit for December which was reported at $16.554B.

Should price action for the EURUSD remain inside the or breakout above the 1.1290 to 1.1325 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.1300
• Take Profit Zone: 1.1515 – 1.1570
• Stop Loss Level: 1.1235

Should price action for the EURUSD breakdown below 1.1290 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.1265
• Take Profit Zone: 1.1120 – 1.1180
• Stop Loss Level: 1.1325

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