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

• French Preliminary Markit PMI: The French Preliminary Markit Manufacturing PMI for November was reported at 51.5. Economists predicted a figure of 51.5. Forex traders can compare this to the French Markit Manufacturing PMI for October which was reported at 51.8. The French Preliminary Markit Services PMI for November was reported at 52.6. Economists predicted a figure of 51.9. Forex traders can compare this to the French Markit Services PMI for October which was reported at 51.4. The French Preliminary Markit Composite PMI for November was reported at 52.3. Economists predicted a figure of 51.9. Forex traders can compare this to the French Markit Composite PMI for October which was reported at 51.6.
• German Preliminary Markit PMI: The German Preliminary Markit Manufacturing PMI for November was reported at 54.4. Economists predicted a figure of 54.8. Forex traders can compare this to the German Markit Manufacturing PMI for October which was reported at 55.0. The German Preliminary Markit Services PMI for November was reported at 55.0. Economists predicted a figure of 54.0. Forex traders can compare this to the German Markit Services PMI for October which was reported at 54.2. The German Preliminary Markit Composite PMI for November was reported at 54.9. Economists predicted a figure of 55.0. Forex traders can compare this to the German Markit Composite PMI for October which was reported at 55.1.
• Eurozone Preliminary Markit PMI: The Eurozone Preliminary Markit Manufacturing PMI for November was reported at 53.7. Economists predicted a figure of 53.3. Forex traders can compare this to the Eurozone Markit Manufacturing PMI for October which was reported at 53.5. The Eurozone Preliminary Markit Services PMI for November was reported at 54.1. Economists predicted a figure of 52.9. Forex traders can compare this to the Eurozone Markit Services PMI for October which was reported at 52.8. The Eurozone Preliminary Markit Composite PMI for November was reported at 54.1. Economists predicted a figure of 53.3. Forex traders can compare this to the Eurozone Markit Composite PMI for October which was reported at 53.3.

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

• US Durable Goods Orders: Preliminary US Durable Goods Orders for October are predicted to increase by 1.7% monthly and Durables Excluding Transportation are predicted to increase by 0.2% monthly. Forex traders can compare this to US Durable Goods Orders for September which decreased by 0.3% monthly and Durables Excluding Transportation which increased by 0.1% monthly. Preliminary Capital Goods Orders Non-Defense Excluding Aircraft are predicted to increase by 0.3% monthly and Capital Goods Shipments Non-Defense Excluding Aircraft are predicated to increase by 0.1% monthly. Forex traders can compare this to Capital Goods Orders Non-Defense Excluding Aircraft for September which decreased by 1.3% monthly and Capital Goods Shipments Non-Defense Excluding Aircraft which increased by 0.4% monthly.
• US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of November 19th are predicted at 250K and US Continuing Claims for the week of November 12th are predicted at 2,014K. Forex traders can compare this to US Initial Jobless Claims for the week of November 12th which were reported at 235K and US Continuing Claims for the week of November 5th which were reported at 1,977K.
• US New Home Sales: US New Home Sales for October are predicted to decrease by 0.5% monthly to 590K New Homes. Forex traders can compare this to US New Home Sales for September which increased by 3.1% monthly to 593K New Homes.

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: 1.1100 – 1.1150
• Stop Loss Level: 1.0550

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: 1.0400 – 1.0450
• Stop Loss Level: 1.0650

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