Eur/Usd:
Current week is very interesting and eventful. On Monday and Wednesday all participants of Eur/Usd trades will receive report from the Institute for Supply Management with manufacture figures and the report on the US service sector. Data on the US labor market will be published on the last trading day of the week. It is worth mentioning that over the last time,positive news prevails over negative and releases can be just above expectations. FRS will carefully study Friday’s report on labor market in the view of making decisions regarding future cut of the QE3 program.
For European currency, core event of the week will be EuCB meeting scheduled for Thursday, 5th of December. In the end of the recent week, Consumer Price Index was released and  showed growth in the rate of 0.2%. Now we can expect that European regulator will take a time-out in the task of cutting interest rates. In the terms of technical analysis, breakthrough of a strong resistance level 1.3645 will open a path to 1.37.
In general, a flat trend within the range of 1.3450-1.3700 can be expected for the European currency.
Article by freshforex.com
