The Euro remained under selling pressure in the last week. The pair EUR\/USD is likely to find support at 1.3448 whereas resistance is expected the price level of 1.3824.<\/p>\n
Following is the list of the major events for the week February 7th to February 11th, 2011 which could have significant impact over the trading of the pair EUR\/USD.<\/p>\n
In euro zone today Germany is to report its data on factory orders while a data on investor confidence in euro zone will be reported by Sentix. In United States official report on consumer credit is to be published today.<\/p>\n
On February 8th, 2011 official report on industrial production is published in Germany and France will report the figures of its trade balance. In United States results of survey on economic optimism will be released on Tuesday.<\/p>\n
On Wednesday February 9th, 2011 detailed report on difference between imported and exported goods and services will be published in Germany\u2019s trade balance report. In United States Chairman Federal Reserve Ben Bernanke will address the Budget Committee in Washington where he will disclose the future direction of monetary policy. Report on crude oil inventories will also be published in United States.<\/p>\n
On Thursday February 10th, 2011 the ECB will publish its detailed report on euro zone\u2019s current and future economic conditions while France and Italy will publish their reports on industrial production. In United States key data on jobless claims along with report on wholesale inventories and natural gas storage will be published on Thursday.<\/p>\n
On Friday Germany will publish its report on consumer price inflation and wholesale prices while official report on non-farm employment will be published.\u00a0 Moreover ECB President will also make a public address giving hints for future monetary policy.<\/p>\n
In United States official data on trade balance will be published while report on consumer sentiment and inflation will be released by University of Michigan.<\/p>\n